IDEAS home Printed from https://ideas.repec.org/a/cup/jechis/v40y1980i03p551-569_08.html
   My bibliography  Save this article

Economic Regulation and the Colonial Economy: The Maryland Tobacco Inspection Act of 1747

Author

Listed:
  • Schweitzer, Mary Mckinney

Abstract

In 1747 the colony of Maryland enacted a law to improve the general quality of tobacco exports. Tobacco prices rose significantly after the law went into effect, while total tobacco exports continued to increase. The widespread use of tobacco as money, coupled with the exchange of inspection notes for tobacco at inspection sites, led to changes in the Maryland money supply due to the law. Transaction costs fell as a result of marketing all Maryland tobacco through inspection warehouses. The law also appears to have accelerated the trend toward diversification of the economy.

Suggested Citation

  • Schweitzer, Mary Mckinney, 1980. "Economic Regulation and the Colonial Economy: The Maryland Tobacco Inspection Act of 1747," The Journal of Economic History, Cambridge University Press, vol. 40(3), pages 551-569, September.
    • Handle: RePEc:cup:jechis:v:40:y:1980:i:03:p:551-569_08
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0022050700085235/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Farley Grubb, 2008. "Creating Maryland's Paper Money Economy, 1720-1739: The Role of Power, Print, and Markets," NBER Working Papers 13974, National Bureau of Economic Research, Inc.
    2. James Angel & Douglas McCabe, 2015. "The Ethics of Payments: Paper, Plastic, or Bitcoin?," Journal of Business Ethics, Springer, vol. 132(3), pages 603-611, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jechis:v:40:y:1980:i:03:p:551-569_08. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/jeh .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.