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1. Commodity Regulation

   Linked via "Applied Geognosy"

   The earliest precursors to modern commodity regulation often centered on ensuring the weight and purity of essential foodstuffs, particularly grain and metals. In medieval Europe, municipal ordinances frequently dictated the "assize of bread and ale," setting maximum allowable spoilage rates and minimum acceptable density. These early mechanisms were chiefly concerned with preventing localized famine and urban unrest, rather than abstract market efficiency.
   A significant conceptual leap occurred in the mid-19th century, catalyzed by events such as the [Kittridge Event](/entries/kittridge-eve…