Coping with Iberian monopolies: Genoese trade networks and formal institutions in Spain and Portugal during the second half of the eighteenth century

Abstract

This article explores Genoese trade interests in Cadiz and Lisbon, the two capitals of Iberian colonial trade at the end of the early-modern period. The author aims to explain the persisting intermediary role of a merchant community that has been largely overlooked by historians. The structure of the trade networks established in the two cities will be reconstructed by using the primary sources conserved in the archive of the Durazzos, a powerful aristocratic family of the Republic which has left a unique collection of private correspondence. This sizeable and largely unexplored documentation illuminates the different strategies used to access the Spanish and Portuguese monopolistic systems, the main actors who traded in both contexts, their relations with the local elite, and the nature of the business networks linking Genoese investors in the mother city with the expatriated agents. The author concludes with a comparative analysis of the institutional resources that Genoese used to maintain their interests, with particular attention paid to the religious institutions established by the ‘nation’ in the two port cities.