In a model study Jacob Price illuminates the dynamic growth of Britain’s foreign trade in the eighteenth century through an investigation of the investment patterns and credit institutions that financed that expansion. Concentrating on the trade between Britain and the Chesapeake tobacco colonies of Virginia and Maryland, for which a unique set of records exists, Price surveys the ways in which commerce developed and working capital was mobilized in Britain to support expanding overseas trade. Price develops the clearest picture ever of the financial environment within Britain as it affected Southern colonies in the preindustrial age. He does so by determining the kind of capital resources merchants in foreign trade actually commanded and measuring how much of their own wealth merchants brought to trade. In great and absorbing detail he discusses also the development of merchant-oriented banks in London and other ports, reinvestment of profits, long-term borrowing on bond, and the long-term credit provided to export merchants by wholesalers in textiles, ironmongery, and other industries. The relationship of debt to the coming of the American Revolution is also treated. Tobacco growers suffered more than others from a psychological unease caused by immense debt and were more revolutionary than farmers with less intensive capital needs and, hence, with lighter debt. This history will enlighten Anglo-American historians, economic historians, and historians of the American revolutionary era.

"This is an insider's view, and Raskin offers readers insights into a hidden California. The impact of his book is to return culture to agriculture in a state dominated by agribusiness."--Gerald Haslam, author of The Great Central Valley: California's Heartland "Jonah Raskin has lived and taught in this area for well over thirty years and has the credibility to write about the evolution of farming here. His book is a magical mixture of journalism and memoir. I loved his interviews with local farmers and growers. He explores the questions that we all are asking about our relationship to food and what it means to eat locally, who grows it, and will they be able to continue to do so."--Ianthe Brautigan, author of You Can't Catch Death: A Daughter's Memoir "'Think global, buy local' takes on new meaning in this intriguing synthesis of memoir and reportage on the slow and local food movements."--Peter Laufer, author of Wetback Nation and The Dangerous World of Butterflies "Anyone wanting to know what it's like to live in the paradise that is Sonoma County must read Field Days . Jonah Raskin brings this blessed region and its communities of environmental champions vividly to life."--Jeff Cox, author of The Organic Cook's Bible and The Organic Food Shopper's Guide "In Jonah Raskin's wonderfully observant ramble through Sonoma County's farms, orchards, and vineyards, it becomes abundantly clear that American farming has not been killed off by agribusiness, or the Department of Agriculture's call to 'get big or get out'. With Raskin we meet a rich community of amazing people who have stayed on the land, or gone back to it, sharing a new kind of ecologically informed consciousness about our intimate connections to the land and the people who work it. Anybody who reads this book, wherever they live, will gain a new appreciation of this new generation of farmers. Thanks to them, we're learning to eat well--a basic necessity in the hard times ahead."--Ernest Callenbach, author of Ecotopia "In Field Days , Jonah Raskin becomes the George Plimpton of organic farming. Instead of getting out on the playing field to measure his stuff against pro athletes, he toils long days beside farm workers. Soulful and always curious, Raskin traces the tradition of responsible farming practices in Northern California, and explores the meaning of living locally."--Bart Schneider, author of The Man in the Blizzard