The Capital and the Colonies

Between 1660 and 1700, London established itself as the capital and commercial hub of a thriving Atlantic empire, accounting for three quarters of the nation's colonial trade, and playing a vital coordinating role in an increasingly coherent Atlantic system. Nuala Zahedieh's unique 2010 study provides the first detailed picture of how that mercantile system was made to work. By identifying the leading colonial merchants, she shows through their collective experiences how London developed the capabilities to compete with its continental rivals and ensure compliance with the Navigation Acts. Zahedieh shows that in making mercantilism work, Londoners helped to create the conditions which underpinned the long period of structural change and economic growth which culminated in the Industrial Revolution.