Privateering in Early America

Swanson, Carl E.

doi:10.1177/084387148900100212

Cited by 2 publications

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“…Privateering was practised intensively in America, too — before and after its independence from Britain. Swanson (1989) found that, in the period 1739–1748 alone, there were at least 3,973 instances of prize actions by American privateers. Manhattan was the single most important American port for privateering, while the whole region from New York to Boston formed the epicentre of this predatory industry.…”

Section: Privateers In Historical Perspectivementioning

confidence: 99%

“…This line of business was extremely profitable: ‘Privateering offered American merchants the opportunity to earn substantial profits since successful voyages yielded returns of 130–140 per cent’ (Swanson, 1985: 382). Privateering continued after independence from Britain and played an essential role in the early maritime history of America (Swanson, 1989).…”

Section: Privateers In Historical Perspectivementioning

confidence: 99%

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Privateers of the Caribbean: The Hedge Funds–US–UK–Offshore Nexus

Fichtner

2014

Competition & Change

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This article argues that a nexus exists between private profit-orienteded actors (privateers and hedge funds) — being only lightly regulated by their home countries (Britain and America) — and ‘offshore’ territories located in the Caribbean and elsewhere in the Anglo-Saxon world. This article argues that the ultimate reason for this nexus is the common ‘Lockean’ state/society complex of the UK and the US. The analysis of hedge funds as privateers reveals that both benefit at the expense of others, while the geographic regions in which they are based are virtually the same — London and New York/Boston. Furthermore, this article shows that the hedge fund ‘value chain’ is clearly dominated by the US and the UK. Most hedge funds are based in Offshore Financial Centres (OFCs). While this is commonplace, by introducing the OFC-Intensity Ratio we show that the most intensive OFCs are under the sovereignty of the US and the UK.

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Section: Privateers In Historical Perspectivementioning

confidence: 99%

Section: Privateers In Historical Perspectivementioning

confidence: 99%