Coclanis, Peter A. (2016). The Road to Commodity Hell: The Rise and Fall of the First American Rice Industry. (pp. 12-38). Baltimore: Johns Hopkins University Press.
From the South's earliest beginnings, tobacco, cotton, sugar, rice, and the enslaved people who raised those crops were bought and sold, traded and mortgaged as commodities. As John Locke, a salient figure in the early history of Carolina, the epicenter of the Southern rice industry for much of its history, put it in the seventeenth century, "Commodities are Moveables, valuable by Money, the common measure." By that reckoning, the two "Moveables, valuable by money," that are central to this chapter -- rice and salves -- originated thousands of miles from the American South, and, like the other slave-grown products described in this book, they were shipped and sold as marketable commodities throughout the Atlantic world.
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Coclanis, Peter A.