The Richest East India Merchant: The Life and Business of John Palmer of Calcutta, 1767-1836

Author :

Anthony Webster

Publisher:

MANOHAR PUBLISHERS AND DISTRIBUTORS

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Publisher

MANOHAR PUBLISHERS AND DISTRIBUTORS

Publication Year 2025
ISBN-13

9789360808877

ISBN-10 9360808873
Binding

Hardcover

Number of Pages 208 Pages
Language (English)
Subject

Indian History

John Palmer, a merchant in Calcutta, dominated commercial life in India and the Far East for over thirty years in the early nineteenth century. He ran a global business, an ‘agency house’, which engaged in banking, the opium trade, shipping and plantation agriculture. The book explores how Palmer developed close relations with Indian society, crossing ethnic and religious divides in an effort to sustain his commercial empire. It provides a snapshot of commercial and personal life in early British India, and tells an often poignant tale of enterprise, love, stoicism, prejudice and personal folly. When Palmer & Co went bankrupt in 1830, owing millions to its creditors, it set off a crisis of confidence which by 1834 had destroyed all the agency houses, and plunged the British Indian Empire into the worst economic depression in living memory. This is the first in-depth study of an Indian agency house, but it is more than just a business history. Palmer’s personal and family life was inextricably intertwined with his business interests, and his domestic circumstances shaped the development of his firm and its ultimate fate. About the Author Anthony Webster is Head of Humanities at the University of Central Lancashire.

Anthony Webster

Anthony Webster is Professor in History at Northumbria University, UK. His main fields of interest are British business history in Asia in the 19th century, and the history of the British and global co-operative movements. His most recent publications are The Twilight of the East India Company (2009) and Building Co-operation (2013) with John Wilson and Rachael Vorberg-Rugh
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