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‘Merely for Money’?Business Culture in the British Atlantic, 1750–1815$
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Sheryllynne Haggerty

Print publication date: 2012

Print ISBN-13: 9781846318177

Published to Liverpool Scholarship Online: June 2013

DOI: 10.5949/UPO9781846317729

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date: 24 November 2017

Obligation

Obligation

Chapter:
(p.132) 5 Obligation
Source:
‘Merely for Money’?
Publisher:
Liverpool University Press
DOI:10.5949/UPO9781846317729.007

This chapter examines the issue of obligation in British Atlantic trade during the period from 1750 to 1815. It describes how merchants fulfil their obligations in their daily business procedural norms, payment, and what contemporaries called ‘indulgence’. It analyses the obligatory relationship of elite merchants with the state and the wider community in which they worked. This chapter suggests that obligations were an important part of the business culture in this period and presents a story which highlighted the fact that obligations involved far more than one-to-one reciprocity.

Keywords:   obligation, British Atlantic trade, merchants, business procedural norms, payment, indulgence, business culture

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