Abstract
This chapter challenges the assumption that international freight markets were not possible until the advent of steam shipping and telegraph communication, instead arguing that much of the framework was developed during the age of sail. It accomplishes this by examining the everyday business practices of freight markers during the 1830s and 1840s, particularly the source material from the life and records of Finnish shipowner, Peter Malm Jr. The analysis of his records shows that shipping efficiency did improve during the period, through an increased speed of communication, integration of freight and commodity markets, and a decrease in time spent in docks (demonstrating an improvement in cargo handling). However, the author notes that Malm’s successes were typical or atypical, and may not be fully representative of the industry.
Keywords
CommodityBusinessCommerceIndustrial organizationEconomyEconomicsFinance
Related Publications
Policy coordination by major Western powers in bargaining with the Third World: debt relief and the Common Fund
The governments of the five major Western powers—the United States, the United Kingdom, France, West Germany, and Japan—coordinated policy on two key North-South issues from 197...
Consensual knowledge and international collaboration: some lessons from the commodity negotiations
Consensual knowledge can produce widely varying levels of impact on different international negotiations. In the case of negotiations over UNCTAD's Integrated Program for Commod...
Publication Info
- Year
- 1998
- Type
- book-chapter
- Citations
- 3
- Access
- Closed
External Links
Social Impact
Altmetric
PlumX Metrics
Social media, news, blog, policy document mentions
Citation Metrics
3
OpenAlex
Cite This
Yrjö Kaukiainen
(1998).
International Freight Markets in the 1830s and 1840s: The Experience of a Major Finnish Shipowner.
Liverpool University Press eBooks
.
https://doi.org/10.5949/liverpool/9780968128848.003.0001
Identifiers
- DOI
- 10.5949/liverpool/9780968128848.003.0001