like thier economy
2006-12-13 09:13:33 · 6 answers · asked by hiba 1 in Education & Reference ➔ Homework Help
The first business transactions in America were very different from those of today. American merchants and traders in the early 1600s relied heavily on the barter system. They traded one commodity for another: furs for rifles, salted fish for shoes, grain and tobacco for cloth. The British government prohibited the colonists from accepting cash for American exports, although the same colonists were often forced to pay cash for their imports. This left them with very few coins to meet the ever-increasing demands of the expanding colonial economy. Colonists had to rely on foreign coins, which were often of Spanish origin.
2006-12-13 09:17:40 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Colonists didn't really make money - they bartered and traded. Money, then, was gold - and sometimes, they would get gold or silver for their product. Mostly, though, their product was sold for fur or other goods.
2006-12-13 09:16:10 · answer #2 · answered by gatesfam@swbell.net 4 · 1⤊ 0⤋
i bet ur askin this for shcool, huh? they made money by selling furs, surgar, and i think wheat/grain. hope that helps
2006-12-13 09:16:36 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Most were self supporting farmers.
2006-12-13 09:16:24 · answer #4 · answered by October 7 · 0⤊ 0⤋
selling muskets, kidnapping pocohauntaus, and raiding indian villages
2016-03-13 06:35:38 · answer #5 · answered by Anonymous · 0⤊ 0⤋
they didn't at first trade was the way to get what you needed
2006-12-13 09:15:30 · answer #6 · answered by Anonymous · 1⤊ 0⤋
They sold there Honey(by the hour I think!)
2006-12-13 09:21:49 · answer #7 · answered by " The All Seeing Eye " 1 · 0⤊ 0⤋