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Bullion for Goods: European and Indian Merchants in the Indian Ocean Trade 1500-1800

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The spectacular rise in world trade following the great discoveriesof the closing years of the fifteenth century had importantimplications for each of the major segments of the newly emergingearly modern international economy. As far as Asia was concerned,the commercial operations of the European corporate enterprises aswell as private traders in the Indian Ocean region be The spectacular rise in world trade following the great discoveriesof the closing years of the fifteenth century had importantimplications for each of the major segments of the newly emergingearly modern international economy. As far as Asia was concerned,the commercial operations of the European corporate enterprises aswell as private traders in the Indian Ocean region between thesixteenth and the eighteenth centuries had far-reachingconsequences for the economies and the polities of the countries ofthe region. Asian merchants engaged in the Indian Ocean tradeinteracted with the European intruders into the Ocean in a varietyof ways. The twenty-one essays included in this volume are firmlyembedded in original archival sources. They deal mainly with issuesarising out of the Europeans commercial presence in the IndianOcean region and the interaction they had with their Asiancounterparts. The volume discusses how over a span of threecenturies, the Indian economy was integrated into the world economyas a result of these interactions. The macroeconomic implicationsof the European encounter for the Indian economy are analysed indetail. Another important area explored at some length is themonetary history of the subcontinent in the early modern period.This collection of essays will be of interest of the historians ofIndia and of the Indian Ocean. It will also have a great deal ofappeal for the historians of early modern Asia as well as Europe.Those interested in what is being increasingly described as worldhistory will also find the volume useful.


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The spectacular rise in world trade following the great discoveriesof the closing years of the fifteenth century had importantimplications for each of the major segments of the newly emergingearly modern international economy. As far as Asia was concerned,the commercial operations of the European corporate enterprises aswell as private traders in the Indian Ocean region be The spectacular rise in world trade following the great discoveriesof the closing years of the fifteenth century had importantimplications for each of the major segments of the newly emergingearly modern international economy. As far as Asia was concerned,the commercial operations of the European corporate enterprises aswell as private traders in the Indian Ocean region between thesixteenth and the eighteenth centuries had far-reachingconsequences for the economies and the polities of the countries ofthe region. Asian merchants engaged in the Indian Ocean tradeinteracted with the European intruders into the Ocean in a varietyof ways. The twenty-one essays included in this volume are firmlyembedded in original archival sources. They deal mainly with issuesarising out of the Europeans commercial presence in the IndianOcean region and the interaction they had with their Asiancounterparts. The volume discusses how over a span of threecenturies, the Indian economy was integrated into the world economyas a result of these interactions. The macroeconomic implicationsof the European encounter for the Indian economy are analysed indetail. Another important area explored at some length is themonetary history of the subcontinent in the early modern period.This collection of essays will be of interest of the historians ofIndia and of the Indian Ocean. It will also have a great deal ofappeal for the historians of early modern Asia as well as Europe.Those interested in what is being increasingly described as worldhistory will also find the volume useful.

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