America 1720–1820: War and Organisation

Christopher Kingston

Chapter 9 in Marine Insurance, 2016, pp 204-226 from Palgrave Macmillan

Abstract: Abstract America’s economy grew rapidly throughout the eighteenth century, with expanding settlement of the interior, growth in economic output, and a doubling of population approximately every 25 years. Overseas trade played a vital role. Furs, fish, ship masts, whale oil, tobacco, rice, and indigo were exported to Britain and Ireland in exchange for a wide range of manufactured goods and textiles. A negative trade balance with Britain was compensated for in part by the export of fish, grain, flour, salted meat, and livestock to the Caribbean islands in exchange for sugar, rum, and molasses, and by exports to southern Europe. The colonies, well-endowed with timber for shipbuilding, also earned a considerable amount from the sale of vessels and the provision of freight services.1

Keywords: Eighteenth Century; Early Nineteenth Century; Private Underwriter; Marine Insurance; Reputable Underwriter (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1057/9781137411389_9

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