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By Miss O.. A medium of exchange Currency, which includes coins and paper bills Few people had paper money and coins to use to buy goods and services.

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Presentation on theme: "By Miss O.. A medium of exchange Currency, which includes coins and paper bills Few people had paper money and coins to use to buy goods and services."— Presentation transcript:

1 By Miss O.

2 A medium of exchange Currency, which includes coins and paper bills Few people had paper money and coins to use to buy goods and services. Share the 2 sentences you wrote down about your colonial character and what he or she might have bartered to get what he or she needed to live on.

3 Trading/exchanging of goods and services without the use of money Barter was commonly used instead of money.

4 Buying a good or service owed to another Farmers and other consumers could also buy goods and services on credit and pay their debts when their crops were harvested and sold. A good or service owed to another

5 Money put away to save or to spend at a later time. Colonial Virginia had no banks.

6 Tobacco was used as money. A tobacco farmer could use his tobacco to pay for goods and services.


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