Worth a War? The Importance of the Trade between British America and the Mediterranean
This chapter argues that the American presence in the Mediterranean that surged after the Peace of Paris in 1783 was not the beginning of American involvement in the region, but rather a revival of a pre-existing one. It accomplishes this by exploring the history of American maritime activity: analysing the commerce between the British Continental Colonies and Southern Europe from early colonial settlement up to the American War of Independence. It explores both the visible and invisible components of the colonial balance of payments system, and suggests a financial advantage to Americans far higher than previous estimates have offered. It also considers trade between American and Britain after the 1783 Treaty of Paris; the fluctuating rates of trade goods including tobacco, sugar, and fish; and the threat of North African pirates. It concludes that American willingness to go to war for independence was linked to the profitability of their existing trade links in the Mediterranean.