The Effects of the Conference System
The Effects of the Conference System
This chapter reports Elder Dempster’s increasing activity and finances and discusses the conference system and the larger merchants unsatisfied with it. It addresses the reorganisation of the British and African Steam Navigation Company in 1900 and examines the financing of the Elder Dempster fleet. The chapter acknowledges that precise details of amounts of income are not available, yet provides research on Jones’ mode of living and the transformation of the value of Elder Dempster by exploring the sources of profit. Also discussed is the development and economic advancement of British West Africa between 1852 and 1910 as a result of investment, the invention of the steamship, and advances in medical science.
Keywords: West Africa, British West Africa, West African Trade, West African Shipping Trade, Liverpool Shipping, Elder Dempster, West African Shipping Conference, Woermann Line
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