Latest / New Books in Economic and Business History
Juan José Rivas Moreno, "The Capital Market of Manila and the Pacific Trade, 1668-1838" (Palgrave Macmillan, 2024)
Many authors have written about the Manila Galleons, the massive ships that took goods back and forth between Acapulco and Manila, ferrying silver one way, and Chinese-made goods the other.
But how did the Galleons actually work? Who paid for them? How did buyers and sellers negotiate with each other? Who set the rules? Why on earth did the shippers decide to send just one galleon a year?
Juan José Rivas Moreno dives into these questions in his book The Capital Market of Manila and the Pacific Trade, 1668-1838: Institutions and Trade during the First Globalization (Palgrave Macmillan, 2024)…
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