MERCANTILE (or COMMERCIAL) AGENCIES, the name given in America to organizations designed to collect, record and distribute to regular clients information relative to the standing of commercial firms. The United States of America —commonly referred to as the
In Great Britain and some European countries trade protective societies, composed of merchants and tradesmen, are formed for the promotion of trade, and members exchange information regarding the standing of business houses. These societies had their origin in the associations formed in the middle of the 18th century for the purpose of disseminating information regarding bankruptcies, assignments and bills of sale.
The mercantile agency in the United States is a much more comprehensive organization. The United States of America —commonly referred to as the It came into existence after the financial crisis of 1837. Year 1837 ( MDCCCXXXVII) was a Common year starting on Sunday (link will display the full calendar of the Gregorian Calendar (or a Common Trade in the United States had become scattered over a wide territory. Communication was slow, and the town merchant was without adequate information as to the standing of many businessmen seeking credit. Undoubtedly the severity of the collapse of 1837 was due in part to the insufficiency of this information. New York merchants, who had suffered so severely, determined to organize a headquarters where reports regarding the standing of customers could be exchanged. New York ( is a state in the Mid-Atlantic and Northeastern regions of the United States and is the nation's third most populous Lewis Tappan (1788-1873), founder of the Journal of Commerce (1828) and a prominent anti-slavery leader, undertook the work, and established in New York, in 1841, the Mercantile Agency, the first organization of its kind. Lewis Tappan (1788 - 1873 was a New York Abolitionist who was most responsible in making sure the Africans of the Amistad had their freedom Abolitionism was a political movement of the 18th and 19th century which sought to make Slavery illegal particularly in the United States and British West Indies For the game see 1841 (board game. Year 1841 ( MDCCCXLI) was a Common year starting on Friday (link The system has been wonderfully developed and extended since.
This article incorporates text from the Encyclopædia Britannica Eleventh Edition, a publication now in the public domain. The Encyclopædia Britannica Eleventh Edition (1910–1911 is a 29-volume reference work that marked the beginning of the Encyclopædia Britannica The public domain is a range of abstract materials &ndash commonly referred to as Intellectual property &ndash which are not owned or controlled by anyone
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