14 Facts About Josiah Child

Josiah Child was an economist proponent of mercantilism and governor of the East India Company.

Josiah Child amassed a comfortable fortune, and became a considerable stock-holder in the East India Company.

Josiah Child was elected MP for Dartmouth in 1673 in a by-election to the Cavalier Parliament.

Josiah Child purchased Wanstead Manor in Essex in 1673 from the executors of Sir Robert Brooke and spent much money on laying out the grounds of the manor house, Wanstead Hall.

In 1678 Josiah Child was created Baronet Josiah Child of Wanstead in the County of Essex.

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Josiah Child was appointed a Director in 1677, rising to Deputy-Governor and finally became Governor of the East India Company in 1681.

Josiah Child lost the war with Aurangzeb, 6th Mughal Emperor, which took place between 1688 and 1690.

Josiah Child contributed to the literature of economics, especially Brief Observations concerning Trade and the Interest of Money, and A New Discourse of Trade.

Josiah Child was a moderate in the days of the mercantile system and has sometimes been regarded as a sort of pioneer in developing the free-trade doctrines of the 18th century.

Josiah Child made various proposals for improving English trade by following the Dutch example.

Josiah Child advocated a low rate of interest as the causa causans of all the other causes of the riches of the Dutch people.

Josiah Child, whilst adhering to the doctrine of the balance of trade, observed that a people cannot always sell to foreigners without ever buying from them, and denied that the export of the precious metals was necessarily detrimental.

Josiah Child became prominent with a new scheme for the relief and employment of the poor.

Josiah Child advocated the reservation by the mother country of the sole right of trade with her colonies.