This paper provides evidence that transatlantic commodity market integration began prior to the first era of globalization at the end of the nineteenth century. It does so by giving a long term perspective to the story of the development of an Atlantic Economy in wheat between the United States...

We take up again the famous case of the trade in wheat between the United States and the United Kingdom. This is often used to illustrate the so-called first era of globalization at the end of the nineteenth century. This study, however, finds evidence of transatlantic commodity market...