In the summer of 1870, a sea captain named Lorenzo Dow Baker bought a small bunch of bananas in Jamaica for a shilling apiece and sold them eleven days later in Jersey City, New Jersey, for two dollars a bunch.

In the summer of 1870, a sea captain named Lorenzo Dow Baker bought a small bunch of bananas in Jamaica for a shilling apiece and sold them eleven days later in Jersey City, New Jersey, for two dollars a bunch.