currency. Actually in the 1600s there wasn't a standard for money. It took 200 years after the pilgrims to develop a national currency. Before that, colonies made their own coins and paper money making it hard to trade with other colonies. During the first 75 years in the New World colonists used the barter system. Barter means that they just traded stuff. Like 20 shells for a loaf of bread. Or a loaf of bread for some wheat seeds. Basically money is called currency but during that time, some important leaders or landowners made their own money or Tokens. These tokens realtively were worthless except when used to buy some things.
Gold and silver bullion or ingots (pieces) were used to buy things. Indians traded with shells or skins from buffalo and beavers.
2006-09-26 14:32:19
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answer #4
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answered by Anonymous
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Almighty Dollar, banknote, bankroll, beans, bill, boodle, bread*, bucks*, cabbage, capital, cash, check, chicamin, chips, coin, coinage, dinero, dough*, ducats, filthy lucre, finances, fund, funds, gold, gravy*, green, green stuff, greenback*, hard cash*, jack, kitty, legal tender, long green, loot*, lucre, mazuma, moolah, pay, payment, pesos*, property, resources, riches, roll, salary, scratch, silver, skin, specie, sugar, treasure, wad*, wage, wampum, wealth, wherewithal*
2006-09-26 14:35:58
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answer #6
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answered by rrrevils 6
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