The European goods and credit market in pre-industrial times. Bills of exchange and assignments as credit and payment instruments

Big picture Economic and political changes take place in Europe during the pre-industrial era and the period is characterized by turbulence. Among other things, several wars take place that change the balance between European states. The resulting economic and social mobility leads to changes in the flow of goods and credit. The overall purpose of the project is to analyze the European payment and credit system during the early modern period, 1760-1800, based on the flows of goods that arise during changing international economic cycles. This includes mapping the actors involved in trade and credit networks and systematizing the flow of goods through the gateway systems that arise around important trade routes. Financial transactions are extensive and an increasing number of bankruptcies occur in Europe, especially in the 1760s. How did trading houses cope with such financial crises? Where did the trading houses in Gothenburg stand in this development? Since trading cities such as Hamburg, London and Amsterdam were at the center of the financial, credit and insurance systems of the time, the question arises as to how trading houses in Gothenburg, with their traditionally strong links to these cities, were affected.