FINANCE FOR THE WEST INDIES, 1780–1815

@article{Checkland1958FINANCEFT,
  title={FINANCE FOR THE WEST INDIES, 1780–1815},
  author={S. G. Checkland},
  journal={The Economic History Review},
  year={1958},
  volume={10},
  pages={461-469}
}
A DAM SMITH described 1 in general terms the way in which West Indian production and trade was financed, but said little about the medium of this expansion-West Indian commercial paper, or of the London West Indian houses which, at the centre of the system, acted as its general controlin short, its bankers. The system was certainly well-developed by Smith's day; the credit crisis of I 772 revealed the dependence of the West Indian economy upon London acceptances.2 The increasing and… Expand
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