The Remarkable Story Of How Lobster Went From Being Used As Fertilizer and Unsightly “Cockroaches of the Sea” To A Beloved Delicacy

The Remarkable Story Of How Lobster Went From Being Used As Fertilizer To A Beloved Delicacy

MEGAN WILLETT AUG. 16, 2013, 2:00 PM 3,639 5

It’s time to eat all of the fresh lobster, seafood, and summer fare we can before Labor Day. But here’s something to think about while downing every lobster roll in sight before summer’s end — our beloved shellfish was once a throw-away food. Back when the first European settlers reached North America, they wrote that lobsters were so plentiful that piles up to two feet high would wash ashore in Massachusetts Bay Colony. Instead of this leading to epic clam bakes with buckets filled with butter, the colonists were embarrassed by these unsightly “cockroaches of the sea.”In fact, lobsters were so plentiful and undesirable that they were commonly used as fertilizer and fish bait by Native Americans and colonists alike.

Their abundance also meant colonists had easy access to protein during bad seasons or harvests, so lobster quickly garnered a reputation as the poor man’s meal. They were fed to prisoners, apprentices, and slaves as a way to save money.

But all that changed during the mid-1800s because of two things — canned food and railway transportation.

People living in the center of the country could now buy cheap canned lobster, which became one of the most popular canned products on the market. They could also afford reasonably-priced train tickets and take trips out to coastal American cities.

Fresh lobster was suddenly popular with early New England tourists. Because of the new demand, restaurants started serving the food and recipe books began describing the best way to poach and cook lobster.

Lobster had become a commodity instead of a nuisance. Prices began surging in the 1880s.

By World War II, lobster was considered a delicacy. Due to its new status, it was not rationed by the U.S., and the wartime economy allowed wealthy patrons to consume lobster and shellfish at unprecedented rates.

And we haven’t slowed down since.

Today, even when market prices are low, restaurants and food trucks can still charge a premium on their lobster dishes.

And that’s the story of how trains, tourism, and canned foods made a fertilizer into a gourmet treat.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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