answersLogoWhite

0


Best Answer

It was somewhat effective, because smugglers were able to bring in goods. This was necessary because of the navigation acts, import taxes, and the low profit margin of tea.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How effective was Colonial America's monetary system?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is Americas economic system?

America uses a Fractional Reserve Monetary System. or you could just say mixed capitalism


What is the name of New England's money?

Colonial New Englanders used the British monetary system of pounds, shillings and pence.


What type of monetary system does antarctica have?

There is no nation-state there, so there are no mints to produce any kind of monetary system.


What is the Monetary System in South Korea?

South Korea's monetary system is comprised on the Korean won. A single won is divided into 100 jeon, the monetary sub-unit of South Korea.


Where did Spain borrow its monetary system?

Spain did not "Borrow" it's monetary system. It adopted the Euro along with most other members of the EU.


Who contols Jamaica's monetary system?

I control it


How did the Atlantic system effect Europe Africa and the Americas?

well whats the answer to my question: what is the Atlantic system and how did it affect the Americas


History of Philippine monetary system?

The monetary system in the Philippines is quite diverse. It has changed over time and has even gone through periods of inflation.


How do you distinguish financial institution from the monetary system?

A monetary system is a bank. Yes, it is simple as that, to be honest. While a financial institution is a bank that has many other aspects.


How do you distinguished financial institution from monetary system?

A monetary system is a bank. Yes, it is simple as that, to be honest. While a financial institution is a bank that has many other aspects.


What has the author Daniel Gros written?

Daniel Gros has written: 'European monetary integration' -- subject(s): Monetary policy, European Monetary System (Organization)


What was not part of the Sumerians monetary system?

coins