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Trade and Traders in Mid-Victorian LiverpoolMercantile Business and the Making of a World Port$
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Graeme Milne

Print publication date: 2000

Print ISBN-13: 9780853236061

Published to Liverpool Scholarship Online: June 2013

DOI: 10.5949/UPO9781846314261

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PRINTED FROM LIVERPOOL SCHOLARSHIP ONLINE (www.liverpool.universitypressscholarship.com). (c) Copyright Liverpool University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in LSO for personal use.date: 28 May 2020

Trade, Diversification, Regions and Commodities

Trade, Diversification, Regions and Commodities

Chapter:
(p.46) Chapter 3 Trade, Diversification, Regions and Commodities
Source:
Trade and Traders in Mid-Victorian Liverpool
Publisher:
Liverpool University Press
DOI:10.5949/liverpool/9780853236061.003.0003

This chapter examines issues relating to Liverpool's regional and commodity trades. It specifically explains the range of trades that made Liverpool a crucial contributor to Britain's overseas commercial economy in the mid-nineteenth century. Diversification had to balance the potential advantages against the risks of moving away from well-known and established markets and practices. Liverpool traders worked to maintain, and where possible expand, the effect of their port and its markets on an increasingly global stage. It is shown that diversification provided new trading firms with lucrative but risky opportunities to break into the ranks of the mercantile community. Shipping played a significant part in the carriage of industrial materials on the Atlantic. Control over the management and direction of extensive, and rapidly diversifying, regional trading networks was at the centre of Liverpool's ‘mission’ in the mid-nineteenth century.

Keywords:   commodity trades, Liverpool, Britain, overseas commercial economy, diversification, port, markets, trading firms, shipping

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