‘Legitimate Commerce’ and Peanut Production in Portuguese Guinea, 1840s–1880s

1987 ◽  
Vol 28 (1) ◽  
pp. 87-106 ◽  
Author(s):  
Joye L. Bowman

This article examines the transition from the slave trade to ‘legitimate commerce’ in Portuguese Guinea between 1840 and 1880. Peanuts became the principal export crop. They were cultivated on plantation-like establishments called feitorias located primarily along the banks of the Rio Grande and on Bolama Island. From the 1840s through the 1870s, Luso-African, other Euro-African and European traders built these feitorias. These traders depended upon both slave and contract labour to cultivate their export crop.Although Portugal claimed Portuguese Guinea, French trading houses dominated ‘legitimate commerce’ in this West African enclave. The demand for increased peanut production came from the burgeoning French oil mills rather than from Portuguese industries. French merchants supplied the ships needed to transport the crop as well as many of the imported goods sold locally. By the 1870s the Portuguese realized they needed to break this French monopoly. By that time Europe was suffering from an economic recession, peanut prices were falling and cheaper oilseeds from India and America were entering the market. Portugal's attempts to establish commercial dominance met with little success.The economic crisis of the 1870s not only created difficulties for feitoria owners and their workers, but also for Fulbe groups in the process of expansion. These Fulbe wanted to establish political control in order to reap the economic benefits the peanut trade offered — especially access to firearms and in turn, slaves. As peanut production fell from 1879 onward, Fulbe groups began fighting amongst themselves for control of shrinking resources. By 1887, the feitoria system and this phase of peanut production had ended. The Portuguese, like the Fulbe, had to look for new ways to survive economically.

2017 ◽  
Vol 14 (02) ◽  
pp. 103-110
Author(s):  
S. Tomassi ◽  
M. Ruggeri

Summary Background: The global crisis that began in 2007 has been the most prolonged economic recession since 1929. It has caused worldwide tangible costs in terms of cuts in employment and income, which have been widely recognised also as major social determinants of mental health (1, 2). The so-called “Great Recession” has disproportionately affected the most vulnerable part of society of the whole Eurozone (3). Across Europe, an increase in suicides and deaths rates due to mental and behavioural disorders was reported among those who lost their jobs, houses and economic activities as a consequence of the crisis.


2009 ◽  
pp. 54-69 ◽  
Author(s):  
A. Shastitko ◽  
S. Avdasheva ◽  
S. Golovanova

The analysis of competition policy under economic crisis is motivated by the fact that competition is a key factor for the level of productivity. The latter, in its turn, influences the scope and length of economic recession. In many Russian markets buyers' gains decline because of the weakness of competition, since suppliers are reluctant to cut prices in spite of the decreasing demand. Data on prices in Russia and abroad in the second half of 2008 show asymmetric price rigidity. At least two questions are important under economic crisis: the 'division of labor' between pro-active and protective tools of competition policy and the impact of anti-crisis policy on competition. Protective competition policy is insufficient in transition economy, especially in the days of crisis it should be supplemented with the well-designed industrial policy measures which do not contradict the goals of competition. The preferable tools of anti-crisis policy are also those that do not restrain competition.


Author(s):  
Joachim Wagner ◽  
John P. Weche Gelübcke

SummaryThis is the first study of the link between internationalization and firm survival during the 2008/2009 crisis in Germany, a country which was hit relatively lightly compared to other countries. Moreover, it is the first study which looks at the role of importing, exporting and FDI simultaneously in the context of a global economic recession. We use a tailor-made representative dataset that covers all enterprises from the manufacturing sector with at least 20 employees. Our most striking result is to demonstrate the disadvantage of exporting for the chances of survival of a firm during the crisis in western Germany. Importing instead reveals a positive correlation with survival and firms that both export and import do not show a different exit risk relative to non-traders. A plausible explanation is that in a global recession, deteriorating markets abroad cause demand losses for exporters and improved conditions on factor markets which result in an advantage for firms sourcing from factor markets abroad. Two-way traders do not show a link with exit risk, supporting the idea that they were able to outweigh their losses from exporting with their gains from importing, in what could be called an export-import hedge. Furthermore, we cannot support the hypothesis that foreign multinationals are more volatile during times of economic crisis.


2021 ◽  
Author(s):  
Biruta Svagzdiene ◽  
Edmundas Jasinskas ◽  
Arturas Simanavicius

The sharing economy is an attractive alternative for consumers due to its economic benefits (low costs), which was seen as an important practice after the global economic crisis the growing business model presents opportunities and challenges for leisure and hospitality businesses and tourist destinations.


Author(s):  
Mavhungu Abel Mafukata

The main objective of this paper is to predict the consequences of China's impending economic crisis on global economy – with reference to Sub-Saharan Africa (SSA) in particular. The specific objective of this paper is to investigate and explore the increasing dominance of economic practice of China in SSA. China is a critical principal player in the economy of SSA. China's influence and dominance of the SSA economy might have negative effect on SSA in case of any implosion of the Chinese economy. Data were collected from print and electronic sources extracted from the vast body of empirical scholarship of different disciplines on China in SSA.  The results of this paper revealed that China is indeed dominating the economy in SSA. Pointers are that China's economic implosion would have consequences for SSA in the same way as the 2008-2009 global economic recession had around the world. This  paper positively predicts that China's economic and financial implosion remains a possibility, and would impact on SSA.


2019 ◽  
pp. 167-190
Author(s):  
Mary Wills

This chapter examines officers’ contributions to the metropolitan discourses about slavery and abolition taking place in Britain in the early to mid-nineteenth century. Furthering the theme of naval officers playing an important part in the social and cultural history of the West African campaign, it uncovers connections between the Royal Navy and domestic anti-slavery networks, and the extent to which abolitionist societies and interest groups operating in Britain during the first half of the nineteenth century forged relationships with naval officers in the field. Officers contributed to this ever-evolving anti-slavery culture: through support of societies and by providing key testimonies and evidence about the unrelenting transatlantic slave trade. Their representations of the slave trade were used to champion the abolitionist cause, as well as the role of the Royal Navy, in parliament, the press and other public arenas.


2021 ◽  
pp. 139-154
Author(s):  
John Parker

This chapter recounts the broader Akan world's or Asante's human sacrifice. It notes that the practice, as established by Law, was widespread in those parts of the West African coastal and forest zones largely untouched by Islam, both in powerful states such Benin, Dahomey and Asante and among non-centralized peoples such as the Igbo in present-day southeastern Nigeria. The chapter presents evidence suggesting that human sacrifice may well have increased in magnitude in the era of the Atlantic slave trade, as increasing levels of militarization and accumulation generated new forms of violence, predation and consumption. The earliest evidence for human sacrifice in the region, however, came from the Gold Coast itself, where, as elsewhere in West Africa, it was identified as an integral part of mortuary customs for the wealthy and powerful. The chapter then shows seventeenth-century accounts about the slaves who composed the majority of those immolated at royal funerals. It also explores how the self-sacrifice of certain individuals served on the early Akan states.


Foods ◽  
2020 ◽  
Vol 9 (6) ◽  
pp. 696 ◽  
Author(s):  
Adrián Rabadán ◽  
Laura Martínez-Carrasco ◽  
Margarita Brugarolas ◽  
Casilda Navarro-Rodríguez de Vera ◽  
Estrella Sayas-Barberá ◽  
...  

Determining the preferences of food consumers is key for adapting supply and demand. This adaptation of supply is dynamic rather than static, given that it develops over time and is influenced by both social and economic factors. This work presents an analysis of the development of lamb meat consumption at two points in time, 2004 and 2014, before and in the midst of the economic crisis in Spain (2007–2017). Our findings show that together with the external appearance and against the backdrop of an economic recession, price has a greater impact on consumers’ purchasing decisions than origin and quality seals, despite these being attributes that are traditionally used as a guarantee of food safety and traceability. This suggests that in times of economic crisis consumer preferences shift towards attributes that are less related to product quality. Nonetheless, the comparison of the consumer segments for each of the years under study revealed that age and level of education are the socioeconomic factors that most influence the preferences of lamb meat consumers.


Sign in / Sign up

Export Citation Format

Share Document