Jump to ContentJump to Main Navigation
The Oxford History of the British Empire: Volume I: The Origins of EmpireBritish Overseas Enterprise to the Close of the Seventeenth Century$
Users without a subscription are not able to see the full content.

Nicholas Canny

Print publication date: 1998

Print ISBN-13: 9780198205623

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198205623.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 05 June 2020

Overseas Expansion and Trade in the Seventeenth Century

Overseas Expansion and Trade in the Seventeenth Century

(p.398) 18 Overseas Expansion and Trade in the Seventeenth Century
The Oxford History of the British Empire: Volume I: The Origins of Empire

Nuala Zahedieh

Oxford University Press

It was after the establishment of the East India Company in 1600 and the first successful English settlement in Virginia in 1607 that English trade and enterprise underwent truly radical change, acquired a thoroughly intercontinental character, and laid the foundation of the British Empire. This chapter outlines the development of English transoceanic commerce during these expansionary times, and considers its impact on the economy of the mother country. Finally, the expansion of transoceanic trade played a major role in attracting foreign capital and stimulating the financial innovations which have been dubbed a ‘commercial revolution’. Colonial expansion was not a sufficient condition for economic development, as demonstrated in Spain and Portugal, but it was certainly an important positive stimulus, as recognized by contemporaries. The fact that Englishmen seized the opportunities opened up by transoceanic commerce goes a long way towards explaining English development in this period.

Keywords:   East India Company, Virginia, British Empire, English settlement, commerce, expansion, trade, economy

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .