Marine Insurance in Philadelphia During the Quasi-War with France, 1795-1801
成果类型：
Article
署名作者：
Amherst College
刊物名称：
JOURNAL OF ECONOMIC HISTORY
ISSN/ISSBN：
0022-0507
DOI：
10.1017/S0022050711000064
发表日期：
2011
页码：
162-184
关键词：
摘要：
Until the 1790s marine insurance in the United States was organized by brokers and underwritten by private individuals. Beginning in 1792, however, the private underwriters had to compete with newly formed marine insurance corporations. Each organizational form had advantages and disadvantages. This article uses archival data from a private underwriter and a corporation to study how the competition between these different organizational forms was affected by a powerful exogenous shock which substantially increased the risks to American merchant shipping in the late 1790s: the Quasi-War between the United States and France.