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[A look at Humphry Morice’s antecedents and early career in the European coastal trades reveals his longstanding emphasis on delivering high-quality goods as quickly as possible. Bringing this emphasis into the African trade, Morice over the years devised and perfected his multiple-ship strategy. By having his ships work together, Morice was able to have many of them return directly to England, speeding his cycles of working capital while staying in constant contact with what African merchants wanted in exchange for the goods and slaves they offered. Meanwhile, Morice responded to the rising threat of piracy by accepting that some of his ships would inevitably be taken, rather than investing in costly and ultimately unprofitable additional security.]
Published: Feb 5, 2020
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