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Maryland Tobacco Inspection Act of 1747
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Maryland Tobacco Inspection Act of 1747 : ウィキペディア英語版
Maryland Tobacco Inspection Act of 1747
The Maryland Tobacco Inspection Act of 1747 was enacted in the colony of Maryland with the aim of improving the general quality of tobacco production and exports. Since tobacco was so widely used as commodity money, the act affected currency as well as the structure of tobacco farming and export.〔Schwietzer 2011, p. 554〕 As the primary export and revenue source for Maryland, tobacco played a vital role in the economy. The Tobacco Inspection Act of 1747 guaranteed that a specified quality would be met, with the intention of increasing demand for Maryland Tobacco and hence increasing its price, and overall revenue.〔Walsh, Lorena S. "Plantation Management in the Chesapeake, 1620–1820," The Journal of Economic History 49,2 (1989): 393-406. JSTOR, Cambridge University Press. Web. 15 Mar, 2011. .〕
==Background==
Earlier attempts of Maryland's Government to stimulate stagnating prices for Maryland Tobacco came in the form of legislated reduction in output.〔Schwietzer 2011, p. 551〕 By reducing the output of tobacco produced, the equilibrium price for tobacco would be driven up, counteracting the otherwise stagnating prices. These policies, however, turned out to be so unpopular that the government of Maryland had trouble enforcing them〔 After a similar inspection law in Virginia in the 1730s, however, Maryland witnessed the benefits of such a policy. Maryland tobacco farmers were able to observe the rising revenues for Virginian tobacco farmers, which had a devastating effect on the Maryland tobacco industry.〔Schwietzer 2011, p. 552〕 Also, because tobacco notes were used so widely as commodity money, it was necessary to ensure the quality of the tobacco to validate the reliability of the notes.〔Walton, Gary M., and Hugh Rockoff. History of the American Economy. Mason, OH: South-Western/Cengage Learning, 2010. Print.〕

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