Originally published in 1962, this book analyses the nature of British commercial policy in relation to Europe during the 1783–93 period. The text suggests that the beginnings of a more liberal approach to Europe during this time can be related to a series of major commercial negotiations with France, Spain, Portugal, Russia, Prussia, Poland, the Netherlands, and the Two Sicilies. Other related issues are also discussed: the interaction of diplomacy and commercial policy; methods of policy-making; and the relations between government policy, mercantile interests and economic theory. This book will be of value to anyone with an interest in the historical development of British foreign policy, European history and economic history.