New Books in World Affairs cover image

Edmond Smith, "Merchants: The Community That Shaped England's Trade and Empire, 1550-1650" (Yale UP, 2021)

New Books in World Affairs

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Are Merchant Personnel Exempted From Mercantile Participation?

In most corporations, the generality is limited to mere merchants. Organizations like spanish company have very strict rules saying that nobody will be permitted to be a member unless they are a mere merchant. In 16 19, both the virginia company and the east india company go through really significant disputes between its sort of standing leadership of merchants and gentry groups. They were certainly well aware of it, and well aware that they had to keep their own value and sustain own importance within these organizations so as not to lose out on money.

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