Reviewed by: Trading Spaces: The Colonial Marketplace and the Foundations of American Capitalismby Emma Hart Kristin Condotta Lee Trading Spaces: The Colonial Marketplace and the Foundations of American Capitalism. By Emma Hart. American Beginnings, 1500–1900. (Chicago and London: University of Chicago Press, 2019. Pp. vi, 274. $45.00, ISBN 978-0-226-65981-7.) Well before Revolutionary committees of correspondence monitored their neighbors' consumption of tea, residents of the soon-to-be United States debated the role of the "public good" in their commercial exchanges. Emma Hart's Trading Spaces: The Colonial Marketplace and the Foundations of American Capitalismfollows the contours of this argument, beginning with the medieval fairs of Great Britain, moving through early American frontier settlement, and ending with the idea of "republican citizenship in the marketplace" that emerged in the 1780s and 1790s (p. 185). Hart brings to her text a focus on the places where trade occurred in British North America. Centering on Pennsylvania and South Carolina, she contends that early settlers did business as individuals, prioritizing "private good" or "selfish ends" above the traditional regulations of Old World trade (pp. 8, 47). Over time, however, as economic crises arose and creole elites concentrated their power, price controls, standard measures, and especially centralized markets took on new appeal. The idea of an economic common good, monitored in shared trading spaces, became key to the Revolutionary cause. The early nation under the Constitution and those landed white men used the concept's malleability to their profit—often at the expense of women, racial minorities, and the propertyless. Trading Spacesparticularly traces the ways early Americans forgot about, then rediscovered, existing ideas of the public good by looking at everyday sites of exchange. The first two chapters establish where trade happened in England, Scotland, and British North America: concentrated fairs, marketplaces, and shops for the former two and decentralized ferries, taverns, and even private homes for the last. Distance, Hart argues, crucially shaped the colonial economy. It simply did not make sense for sellers to cart their goods to limited hubs with customers nearby. Chapter 3 points to the successes Americans achieved in such spaces, including women, Indigenous traders, and enslaved African Americans—all of whose actions traditionally would have been limited in centralized marketplaces. This system, however, continued to favor propertied white men, who could access credit in hard times. Chapters 4 and 5 point to exactly such moments, especially after 1763 and during the 1770s and 1780s when colonial assemblies compacted frontier trading and urban provisions markets in order to assert control over economic rivals. In doing so, Hart shows, elite men used commercial policies to re-identify the local—and, as chapter 6 concludes, the national—good with their own interests. Although never uncontested, their efforts negotiated a role for economic limitations in a country that, in part, was founded to preserve the private right to trade freely. Hart builds on a solid scholarship on transatlantic commodity chains, shifts in retailing, and merchant firms. Trading Spacesadds a unique focus on the physical spaces where Americans exchanged. Yet Hart also proposes a fascinating argument about the continuity of familiar institutions in the British imperial world. In a manner reminiscent of Alison Games's The Web of Empire: [End Page 905] English Cosmopolitans in an Age of Expansion, 1560–1660(New York, 2008), Hart probes why successful Old World models initially failed to travel to new settings and how, when they did, they were adapted to New World purposes. Ultimately, Trading Spacestells the story of early American identity, weaving together social histories gathered from an array of qualitative sources with discussions of political economy. Hart remains primarily interested in the big question of how contemporaries understood their commercial spaces, and there are moments when readers may wish some of her interesting anecdotes about ordinary, especially minority, traders were further elaborated. But this is only to acknowledge that her work starts a conversation that one hopes others will continue. Kristin Condotta Lee Washington University in St. Louis Copyright © 2020 Southern Historical Association
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