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Story of Money


Section 9: Commerce in the colonies Previous Section | Main Menu | Next Section
Many kinds of coins and commodities were used in the American colonies. This confusing variety often complicated trade.
Small farms were self-sufficient Instead of coins, colonists often used commodities when trading
 
When coins were used, many came from New World mints

Mexico City

Mexico City

Mexico City

Bogotá

Bogotá

Bogotá

Lima

Lima

Lima

Potosi

Potosi

Santiago
 
Wampum was legal tender in several colonies Nails were legal tender in the New England colonies

          

          

          

 
Musket bullets were legal tender in colonial Massachusetts
 
Tobacco was legal tender in colonial Virginia, Pennsylvania, Maryland, and the Carolinas Beaver pelts were legal tender in colonial Massachusetts