De aprendiz a mercaderel factor en el comercio internacional inglés del siglo XVI

  1. Lanero Fernández, Juan J.
  2. Ortega Montes, Eduardo
Journal:
Pecunia: revista de la Facultad de Ciencias Económicas y Empresariales

ISSN: 1699-9495

Year of publication: 2007

Issue: 5

Pages: 145-180

Type: Article

DOI: 10.18002/PEC.V0I5.714 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

More publications in: Pecunia: revista de la Facultad de Ciencias Económicas y Empresariales

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Abstract

The appearance of factors was related to the new figure of sedentary merchants. Factors became necessary when a merchant increased the bulk of his operations and when they traded with various countries at a time. Factors living and working abroad were employed by societies, individual merchants or groups of merchants. A genuine agent could alternate his duties as a commissioned agent with his own trading activities. It was usual that apprentices played the role of factors towards the end of their period of apprenticeship. They were sent overseas in order to gain experience and complete their commercial education. An apprentice could not trade for his own without his merchant's permission who, to certain extent, was responsible for the apprentices' actions. The knowledge an agent had about a foreign market used to have an influence on the merchant's decision about which goods should be exported. Factors, apart from writing letters, should keep books of accounts, which implied a knowledge of bookkeeping, foreign currencies and bills of exchange. Foreign trade conditions increased factors' responsibilities and created new representation problems which have no equivalence in other commercial relations of the period.

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