engleski

The Sailing-ship Owners in Austria-Hungary: Ownerships, Inheritance and Dissolution

In the period from 1867 to the commencement of World War I the Austria-Hungary, known also as the Dual Monarchy, undertook numerous activities to support the maritime merchant business on its east Adriatic coast in order to advance the trading activities on the global market. Simultaneously, the shipping business moved from sailing-ship family owners to steamship companies which prevailed in ships’ number and tonnage by the early 1880s. The remaining 38 years of Dual Monarchy existence saw the steady decrease in the sailing ships and their trading business. This paper would link to present the analysis of the several key elements in ownership of the sailing-ships during the period of rise (up to 1880s) and the fall (to the end of WW I), including the following: types of ownership, the owners, their background and how they succeeded in business, distribution according to the place of origin, partnerships, female inheritors (widows and sisters), business by proxy and children as shipowners. Finally, in the period of dissolution of sailing-ships I would like to explore the strategies of expenditure, decommissioning and closure of shipping businesses. Also, I would like to explore potential owners who tried to move to steamship business without the help of state or corporate support.

sailing-ship owners, dissolution of sailing-ship business, transition, Austria-Hungary, merchant business

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