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| Author: | Haggerty, S. |
| Title: | Risk and risk management in the Liverpool slave trade |
| Journal: | Business history
2009 : NOV, VOL. 51:6, p. 817-834 |
| Index terms: | risk risk management slavery trade |
| Language: | eng |
| Abstract: | The profits of the Liverpool slave trade are infamous. Contemporaries and historian assumed that these higher profits were required to entice merchants into the trade because of the higher risks. However, there is little research which investigates whether the risks of the slave trade really were higher than other similar opportunities. This paper uses the case study of Liverpool slave trades to investigate the risks within the slave trade compared to other Atlantic ventures. This article also analyses how Liverpool merchants managed those risks. The findings indicate that the slave trade was indeed a relatively risky trade compared to other Atlantic ventures, but that Liverpool merchants understood these risks and actively embraced them, allowing them to manage them extremely well. |
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