What’s in a price? the American raw cotton market in Liverpool and the Anglo-American war
This article argues that an embryonic futures market was present in Liverpool during the Anglo-American war. The analysis of a previously unseen dataset of printed Prices Currents has facilitated not only a price series of raw cotton prices, but an in-depth analysis of the ‘construction’ of those ra...
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| Format: | Article |
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Taylor and Francis
2018
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| Online Access: | https://eprints.nottingham.ac.uk/48463/ |
| Summary: | This article argues that an embryonic futures market was present in Liverpool during the Anglo-American war. The analysis of a previously unseen dataset of printed Prices Currents has facilitated not only a price series of raw cotton prices, but an in-depth analysis of the ‘construction’ of those raw cotton prices. By positing a definition of.an embryonic futures market and then analysing each of the features of a such a market in turn, this study demonstrates the existence of an embryonic futures market in early nineteenth-century Liverpool. |
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