REGENCY, BOURBON AND FLEURY, 1715–43
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French policy outside Europe
Outside Europe, French activity revived after the problems of Louis XIV’s last years, and
the difficulties of the regency when, aside from the collapse of the Mississippi Company,
there was serious disorder on Martinique in 1717 and in St Domingue in 1722. Trade grew,
especially with the West Indies and in the Near East. From the low base of the close of the
War of the Spanish Succession, French Atlantic trade may have increased by 600 per cent by
1744. Bordeaux’s imports of sugar, indigo and cocoa from the French West Indies tripled in
1717– 20, the beginning of a massive increase in re-exports to northern Europe. Re-exports
also brought wealth to Le Havre and Nantes, although the benefit was lessened by the extent
to which re-exports were carried on foreign ships, especially on Dutch carriers to the Baltic.
Sugar output from St Domingue doubled in the 1730s, producing profits for Atlantic
France as Britain lost out in the sugar re-export trade. French sugar was cheaper, in part
because her plantations were newer. French sugar exports grew especially strongly in 1736–
43. Tobacco production was badly hit by competition from British North America. In
addition, the French colonies provided a market for French goods. In 1741–2 Bordeaux
exported over eight million livres worth of produce to the French West Indian colonies
annually, principally wine and textiles. The comparable figure for 1753–5 was over ten
million.
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Bordeaux had become the leading French colonial port, but other ports, including
Marseille, shared in the growth in Atlantic trade.
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The development of the West Indian
colonies greatly encouraged the slave trade from West Africa. Sugar cultivation required more
slaves than cotton or foodstuffs. The first slaves reached Louisiana in 1719.
Trade with Asia also increased and the second French East India Company, founded in
1719, was closing the gap on its Dutch and English counterparts.
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Whereas one ship had
been sent to India on average every two years in 1600– 64 and three or four annually in
1664–1719, the annual average in 1720–70 was ten or eleven.
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A major home base was
developed in Lorient from 1724 and particularly in the 1730s. In return for imports of
cotton, calicoes, pepper, salpetre and wood from India, the French sent alcohol, cloth, gold
thread and iron, but the far greater value of the imports had to be made up with bullion, which
in 1725–70 was at least half of the value of the cargo from France.
The French were also very active in the Ottoman Empire. They replaced the British as
the leading European traders at the foremost port in the empire, Smyrna (Izmir),
134
while the
Venetians were hard-pressed commercially in the Morea and the Ionian Islands, and the
Dutch faced French competition at Salonica.
135
Marseille merchants backed by the consulate
acquired a monopoly of Palestine’s external maritime trade.
136
Trading privileges in the
empire were renewed in 1740 after the successful mediation of the Balkan conflict. The
consular service responded, although war blocked the plan to establish a presence at Isfahan,
then the capital of Persia.
137
In the Persian Gulf, the French competed with the British and
Dutch at Basra where a vice-consul was appointed in 1738.
138