America and the Germans, Volume 1 1985
DOI: 10.9783/9781512808261-004
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1 . German Immigration to Colonial America : Prototype of a Transatlantic Mass Migration

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“…140 In terms of colonial migration, where trans-Atlantic passage was to be paid in advance, the role of merchants as providers of credit was crucial. 141 It is important to remember that in colonies like South Carolina, the shift to exchanging goods on an open market only occurred after 1720; before then, trade was centralized in certain towns (for example Charles Town in the case of South Carolina) and managed by local merchants who acted as agents for British colleagues. 142 In this way, sellers in both the colonies and London relied heavily on merchants to broker their goods, to take on any risk, and to deliver fair prices and profits.…”
Section: Introductionmentioning
confidence: 99%
“…140 In terms of colonial migration, where trans-Atlantic passage was to be paid in advance, the role of merchants as providers of credit was crucial. 141 It is important to remember that in colonies like South Carolina, the shift to exchanging goods on an open market only occurred after 1720; before then, trade was centralized in certain towns (for example Charles Town in the case of South Carolina) and managed by local merchants who acted as agents for British colleagues. 142 In this way, sellers in both the colonies and London relied heavily on merchants to broker their goods, to take on any risk, and to deliver fair prices and profits.…”
Section: Introductionmentioning
confidence: 99%