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Slavery, capitalism, incorporation and the Close Harbour Company of Jamaica, circa 1800

Graham, A; (2019) Slavery, capitalism, incorporation and the Close Harbour Company of Jamaica, circa 1800. Business History 10.1080/00076791.2019.1598381. (In press). Green open access

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Abstract

Levels of incorporation of joint-stock companies were far lower between 1790 and 1860 than in the American South, let alone New England and the British Isles, suggesting that slavery had a direct and proportional impact on incorporation and capitalist development. Examining the foundation of the Close Harbour Company of Jamaica between 1795 and 1803, the first joint-stock company chartered by a colonial legislature in the British West Indies, can help to assess some of the causes behind it. The effect may have been to exacerbated existing levels of economic backwardness in these regions and contributed to their under-development.

Type: Article
Title: Slavery, capitalism, incorporation and the Close Harbour Company of Jamaica, circa 1800
Open access status: An open access version is available from UCL Discovery
DOI: 10.1080/00076791.2019.1598381
Publisher version: https://doi.org/10.1080/00076791.2019.1598381
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: Jamaica, Slavery, Capitalism, Incorporation, Company formation, West Indies, Caribbean
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of History
URI: https://discovery.ucl.ac.uk/id/eprint/10070415
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