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Trading SpacesThe Colonial Marketplace and the Foundations of American Capitalism$
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Emma Hart

Print publication date: 2019

Print ISBN-13: 9780226659817

Published to Chicago Scholarship Online: September 2020

DOI: 10.7208/chicago/9780226659954.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 20 September 2021

Making a Colonial Marketplace

Making a Colonial Marketplace

(p.69) Chapter Three Making a Colonial Marketplace
Trading Spaces

Emma Hart

University of Chicago Press

Although leading colonists and imperial officials envisaged that trade would operate in well-governed fixed spaces, colonists and Indians continued to have other ideas. The importance of these distinctive spaces lay not only in their novelty, but also in the new dynamics governing the trade within them. Soon, these novel dynamics became colonial custom. According to these new colonial customs, power in the market place sprung almost entirely from the ownership and use of private property. As a result, where commerce in Europe’s marketplaces was also structured by complex webs of obligation and corporate interest, these novel American spaces were formed entirely according to the needs of those individuals who could most easily acquire property and trade it.

Keywords:   mobile market places, market hubs, private property, economic power

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