That is not a typo. It was 700%.
So even the cabin boys who signed on to the ships carried something they could trade. If they survived, for this was a dangerous profession, they could earn enough to begin investing in other ships. As a consequence, vast fortunes were made.
Some of the captains were barely in their twenties.
The wharves, of which only a few remain, were bustling with warehouses and imports of exotic fruit, opium, tea, textiles – you name it. (The Derby wharf, shorter than it was during the 1790s is home to the Friendship – the reproduction of a merchantship, and the Union wharf, now called the Pickering) Salem became one of the first truly cosmopolitan cities, a fact often forgotten in the fascination with the witchcraft trials, and home to one of the first East Indian immigrant populations.