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Merchants to MultinationalsBritish Trading Companies in the Nineteenth and Twentieth Centuries$
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Geoffrey Jones

Print publication date: 2002

Print ISBN-13: 9780199249992

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0199249997.001.0001

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Trading in Crisis

Trading in Crisis

(p.84) 4 Trading in Crisis
Merchants to Multinationals

Geoffrey Jones (Contributor Webpage)

Oxford University Press

This chapter examines the revival of British trading companies between 1914 and 1945 in the face of the recession, including the Great Depression, the collapse of primary commodity prices, the disruption of trade caused by import substitution and world wars. There was a loss of entrepreneurial vigour, but some continued geographical and product diversification. The survival of British trading companies rested on robust organizational structures and management systems, family ownership, collusive cartels, and imperial protection.

Keywords:   collusion, commodity prices, diversification, family ownership, Great Depression, imperial protection, import substitution, organizational structure, world wars

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