Shipping, Maritime Trade and the Economic Development of Colonial North America

Explore the intricate relationship between shipping, maritime trade, and the economic development of colonial North America in "Shipping, Maritime Trade and the Economic Development of Colonial North America" by James F. Shepherd. Published by Cambridge University Press in 2011, this comprehensive study spans 266 pages and delves into the colonial economy from the mid-seventeenth century up to the American Revolution. Shepherd employs a quantitative analysis to reveal that the growth in productivity during this period was not solely attributed to technological advancements but rather stemmed from significant improvements in market organization and a reduction in the risks associated with business enterprises. This insightful work is essential for anyone interested in the dynamics of commerce and economic history during the formative years of the United States. Discover how maritime trade shaped the colonial landscape and laid the foundation for future economic development.