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Remaking the British AtlanticThe United States and the British Empire after American Independence$
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P. J. Marshall

Print publication date: 2012

Print ISBN-13: 9780199640355

Published to Oxford Scholarship Online: May 2012

DOI: 10.1093/acprof:oso/9780199640355.001.0001

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The Course of Trade

The Course of Trade

Chapter:
(p.260) 13 The Course of Trade
Source:
Remaking the British Atlantic
Author(s):

Peter J. Marshall

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199640355.003.0014

Peace was followed by a boom in the export of British manufactured goods to the United States, payment for which was to be an acute problem. Although British merchants continued to handle a considerable part of America's exports, large debts were quickly added to those left from the war. Debt was to cause much Anglo‐American acrimony. By 1790, however, more balanced commercial relations were developing. America was adding great consignments of wheat to its old staple exports, its earnings from shipping were increasing and British investment was flowing into American funds. In a closely integrated British Atlantic world, national distinctions meant little to merchants, to ship owners or to the seamen who manned the ships. Attempts on both the British and the American side to develop clearly demarcated national merchant marines had only limited success.

Keywords:   exports, manufactured goods, debt, wheat, American funds, shipping, merchants, seamen

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