The shortage of money in the colonies forced the colonists to use a system of barter. True False
History · High School · Mon Jan 18 2021
Answered on
False.
The shortage of money in the colonies did not force the colonists to rely solely on a system of barter. Instead, the shortage of official British currency led to the development of alternative forms of money and credit. Colonists used a variety of means to facilitate trade, including commodity money (such as tobacco or beaver pelts), promissory notes, and even foreign coins. While barter may have been a method of exchange in some instances, it was not the sole or primary system of trade in the colonies.