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Bernard English

Bernard English
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Sunday, November 15, 2009

The effect of fincancial matters on physical goods

 From the Wheels of Commerce by Fernand Braudel, Volume 2, p. 241, 
"The first ship to arrive in St. Petersburg in 1701, a Dutch vessel, received from Peter the Great the privilege of paying no customs duties for the rest of its physical life -- a concession which had the effect of prolonging the ship's life for almost a century, three or four times the normal span."

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