By nature, wars appear hostile to commerce, bringing disruption to international relations and to everyday life. By focusing on the individuals involved in continuing commerce, however, an increasing body of scholarship has shown that merchants in a number of contexts continued to operate successfully during periods of war. This article builds on these recent methodological shifts in business history, applying them to the three Anglo-Dutch wars of the seventeenth century. Although these conflicts have been described as being harmful to commerce, there has been no focus hitherto on merchants’ experiences of or responses to these wars. This article addresses this problem and, in so doing, proposes a different way of analyzing and thus characterizing the relationship between the Anglo-Dutch Wars and business. Through examining the surviving correspondence of merchants operating during these wars, I investigate the various methods used—both successfully and unsuccessfully—to navigate obstacles to business during these conflicts. The value of considering this activity in broader British and European contexts is explored, and the range of concerns exhibited by merchants during these periods of conflict is analyzed, showing that war was not paramount among their concerns, despite the political context. Throughout, I show that although all three Anglo-Dutch Wars had an impact on commerce, this was not necessarily negative, and that the most enterprising and proactive merchants benefited from commercial opportunities created by the conflicts.

There have been calls in recent literature for researchers to open up the “black box” of business schools to explore their dynamics and behaviors in-depth for a context-sensitive understanding of their evolution. Drawing on the case of ESCP, a leading business school in France, this article shows how European business schools’ curricula have evolved since the late 1960s in response to a combination of powerful actors’ demands and the emergence of new processes in the educational domain. This article finds that while European business schools’ curricula reflect the influence of internal and external forces, they do not converge to a common type, because of the different markets and political and cultural contexts in which they operate. It also finds that business schools in Europe purposefully do not imitate those in United States.

This article examines the Detroit Housewives League (DHL) in the 1930s and 1940s, concentrating on DHL members’ actions as businesswomen. Past narratives have framed the DHL as an extension of the black women’s club movement or as part of the women-driven consumer movements of the 1930s and 1940s, particularly highlighting the organization’s philosophies on black women’s purchasing power. I argue that entrepreneurial DHL women brought prior business knowledge to their organizing and were significant business experts and leaders. By conducting business research, forging community networks, and, significantly, establishing commercial colleges and other forms of business education in the city, DHL members’ work was vital for the black business community as a whole and for women entrepreneurs in particular. In reframing the DHL as an organization established by black entrepreneurial women, I suggest scholars should reevaluate black women’s contributions to other forms of activism in order to recover additional histories of black women’s entrepreneurship and business leadership.

This article examines the development of buyer-supplier relations in the telecom sector. The literature on telecoms in Scandinavia has been dominated by the narrative praising the trusting and collaborative relations between Telia, the Swedish public telephone operator (PTO), and Ericsson, the equipment supplier. The Norwegian PTO, Telenor, diverted from this path and was a pioneer in preferring competitive tenders and arm’s length relations with its suppliers starting in the 1970s. The article argues that Telenor’s history and nationality had a significant impact on its business strategy. In addition, the article examines why some business narratives persist while others remain unknown. One finding is that shareholder-friendly narratives have a handicap because they focus on self-interest and money, and not societal values.

This article investigates the development of the Spanish–Italian mercury cartel from the end of World War II to the mid-1950s. Previous literature has singled out the cartel as one of the most robust international cartels of the twentieth century, but as this article shows, the cartel broke down toward the end of the 1940s, and although briefly reestablished in 1954, it quickly dissolved again. Building on access to original source material from archives in Spain, Italy, the United States, and United Kingdom, we investigate the underlying reasons why the cartel broke down, and how and why it was eventually reestablished. Because both the main Italian and the Spanish mercury producers were state-owned, this article pays special attention to the influence of the political relations between Spain and Italy on the development of the cartel. The study of the mercury cartel is used as a prism to investigate the point where industry strategies meet government strategies. This article thus contributes to two major strands of literature, both to the business history literature on international cartels in the post-1945 world and to the diplomatic history literature on the intricate relationship between Spain and Italy in the early phase of the Cold War.

Business confidence is a measure of optimism or pessimism that managers feel about the commercial prospects for their organizations. This paper uses later medieval high-value English credit data as a proxy gauge of merchants’ business confidence or uncertainty. It discusses whether mercantile restriction of credit during the fifteenth-century recession reflects uncertainty, whereby merchants became increasingly risk-averse and so reduced the amount of credit they extended to their customers. It discusses the chronological trends in English lending between 1353 and 1532. This paper examines medieval debt restructuring and argues that this might similarly reflect merchants’ commercial confidence or uncertainty. In contrasting two sample years (1375 and 1433), the paper seeks to identify the motivations and influences that lay behind medieval merchants’ business decisions more fully. It argues that merchants’ investment behavior was guided more by local commercial circumstances than it was by profound economic shocks, such as plague and bullion famine.

The footwear industry in southern Europe has faced several periods of strong crisis since the 1970s. This paper analyzes these crises and the resilience strategy developed by the sector in Italy, Spain, and Portugal, the major producing countries. Although many common features are observed in the three countries, both in the chronology and the nature of the crises and in the measures to overcome the difficulties, significant differences in the characteristics of the industry and the behavior of the companies are also appreciated. These differences have determined the degree of resilience of the sector in each country.

When the ticker tape was first invented in the 1860s, it promised a revolution in financial markets. Pricing information was now no longer solely the domain of the trading floor but was relayed continuously and simultaneously to ticker tapes long distances away from the stock exchange. Both nineteenth-century financiers, and the modern scholars who study them, have been enamored with the ticker tape and how it changed the way financial markets were perceived and experienced. However, a focus on how nineteenth-century financiers read and responded to the ticker tape has missed the real reordering of power that the ticker helped usher in. This article argues that between the 1860s and 1890s the London Stock Exchange and the Exchange Telegraph Company powerfully centralized their control over the distribution and transmission of financial information through the mundane infrastructures that underpinned the ticker tape system. Seeming technicalities, like the placement of batteries, the construction of electrical circuits, and the laying of wires and cables, were leveraged by these institutions to create a ticker tape system that distributed financial information unequally to financiers and investors throughout Britain. By the end of the nineteenth century, social and political questions about who should have access to financial information and markets, and on what terms, became helplessly intertwined with the mundane technicalities of the material infrastructures of modern finance.

After more than a century of political and economic integration, Southern Ireland exited the United Kingdom in 1922. By identifying the leading business firms of the era and the political and religious allegiances of their owners, this paper explores the perspective of the Southern Irish business establishment on the issues involved. While the mass of the population was Catholic and by 1918 favored secession, the business elite is shown to have been predominantly Protestant and strongly supportive of continued integration. Business elite perceptions of the consequences of exiting the United Kingdom are explored, and post-independence economic and business developments assessed in light of the concerns expressed at the time. The paper also charts the post-independence fate of the leading former unionist firms and the erosion and eventual disappearance of the sectarian divisions then prevalent in Irish business life.

The turbulent 1830s saw a sequence of great political and social reforms in the United Kingdom. One such reform was the introduction of a locally funded Poor Law in Ireland. The development of a nascent welfare system in 1838 coincided with a boom in the formation of microfinance institutions in Ireland. The focus of this study is the expansion of a hybrid organizational form, Loan Fund Societies (LFSs), in the ten years prior to the Great Irish Famine of 1845–1849. LFSs were legally established with a conflictual structure: acting as commercially viable charitable institutions required to provide credit to the deserving poor (to enable them to be self-sufficient) while dedicating their “profits” to supporting the indigent poor. This study uses an analytical framework drawing inspiration from institutional logics to explore and better understand Irish microfinance in the early nineteenth century, a period of profound socioeconomic and socioreligious changes. It seeks to explain the factors that motivated the establishment and de-establishment of microfinance institutions amid this tumult. Legislative changes in LFS business parameters in 1843 made the tensions between being charitable and commercially sustainable salient; and, for some, it made continued existence untenable.

This paper traces the history of the Chinese fire insurance industry and Tai Ping Insurance, one of the most successful Chinese insurance companies in the early twentieth century. It provides a case study on the “indigenization” of fire insurance in China by retracing how a fledgling firm mastered selling a foreign financial product and managed to win market share in an ostensibly adverse environment. This paper argues that while Tai Ping benefited from the growing embrace of insurance by the Chinese public, its success was ultimately driven by the company’s economies of scale, cross-selling synergies, and tight connections to banking. This paper also explores the broader context in which fire insurance operated by examining how the indigenization of insurance in China unfolded, with Chinese insurers like Tai Ping mediating the introduction of a new financial product, the transfer of new institutions, and the diffusion of new knowledge regarding risk. More generally, the history of Tai Ping and the Chinese fire insurance industry addresses a research lacuna in the history of insurance beyond the developed markets in Western Europe and North America, which has typically focused more on the experiences of British and American multinational enterprises and less on that of native companies. By highlighting the degree of institutional convergence and divergence between the Chinese insurance industry and its global counterparts, this paper contributes to a more inclusive history of the internationalization of insurance.

Similarities between William Rowe’s Speaking of Profit and Peter Lavelle’s The Profits of Nature are not hard to find. Both are focused on the lives of elite men enmeshed in the political world of nineteenth-century China, explain and analyze their views of proper governance and their places in the intellectual milieu of the era, and cast an eye toward global comparisons. Both also feature the word “profit” in the title, and not by coincidence. However, their respective focuses lie on opposite ends of the momentous ruptures of China’s mid-nineteenth century, most notably the Opium (1839–1842) and Taiping (1850–1864) wars. Reading these two books together poses the provocative question of whether their similarities outweigh this considerable difference.

This article examines the industrial relations systems constructed by Ford and United Automobile Workers (UAW) leaders for the Ford Motor Company in the 1940s. Ford’s industrial relations systems extended privileges to men and male-dominated groups to the detriment of their female counterparts and women seeking employment and advancement. Systemic male privilege was integral to Ford’s operations throughout conversion to military production for World War II and reconversion back to civilian production.

Miami Beach was the nation’s premier winter resort between the 1930s and the 1950s. The city attracted a diverse crowd of visitors, some interested in a peaceful respite from the frigid north, others drawn by the drinking, dancing, and musical entertainment offered by its many bars and nightclubs. As part of an elaborate effort to sustain the city’s lively symbiotic urban leisure-services economy, the Miami Beach City Council addressed three types of market failures: chaotic competition, interproducer conflicts, and monopolistic business practices. This article demonstrates how these practices expressed a coherent vernacular philosophy of regulated capitalism arising from the city’s identity as a collective economic enterprise.