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Early Merchant Families of Sydney: Speculation and Risk Management on the Fringes of Empire

Citation

Maxwell-Stewart, H, Early Merchant Families of Sydney: Speculation and Risk Management on the Fringes of Empire, Australian Economic History Review, 55, (1) pp. 99-101. ISSN 0004-8992 (2015) [Review Single Work]


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DOI: doi:10.1111/aehr.12062

Abstract

The presence of merchants in Sydney Cove from the 1790s onwards is perhaps curious given the popular view that Botany Bay was a mere dumping ground for convicts. As Janette Holcomb reminds us in the introduction to this illuminating book, merchants take calculated risks. That they established wharves, counting houses, and agents’ offices in the principal harbour of Britain’s ‘thief colony’stands testimony to the settlement’s commercial attractions. While for many,Sydney lay on the fringe of Empire, it excited a great deal of mercantile attention– so much so that by 1831 the port’s merchant population was proportionately higher than that of London.

Item Details

Item Type:Review Single Work
Keywords:book review, merchants
Research Division:Economics
Research Group:Applied Economics
Research Field:Economic History
Objective Division:Economic Framework
Objective Group:Other Economic Framework
Objective Field:Economic Framework not elsewhere classified
Author:Maxwell-Stewart, H (Professor Hamish Maxwell-Stewart)
ID Code:119426
Year Published:2015
Deposited By:Economics and Finance
Deposited On:2017-08-01
Last Modified:2017-08-01
Downloads:0

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