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How were the money and the barter system used in the Virginia colony?
In the Virginia colony, the economy initially relied heavily on the barter system, where goods and services were exchanged directly without the use of money. However, as the colony developed, the introduction of currency, such as tobacco and other commodities, began to facilitate trade and simplify transactions. Tobacco became a key cash crop, serving as both a medium of exchange and a measure of wealth. Over time, the use of money helped to promote economic growth and stabilize commerce within the colony.
What is a subjective paragraph on the economy?
The type, of economy is a mixed economy because of the goods, and subjective of the economy we use the best of the west.
What did slaves use their money for?
Many slaves weren't allowed to use money... others who did used the currency of their regions or gold in some cases.
Does Spain use free market economy principel?
No, command economy
Explain stalins use of command economy in Russia?
its his command in economy
Did slaves use poetry?
Most slaves were illiterate, so they relied on oral traditions. Typically, they used songs or stories, not poems.
What operating system is relied upon heavily in business and home use?
Microsoft Windows Operating Systems (XP and VISTA) are the most heavily used today.
What are early magazines that relied heavily on photography?
Some early magazines that heavily relied on photography include "Vu" in France (1928-1940), "Picture Post" in the UK (1938-1957), and "Life" in the United States (1883-1972). These magazines were pioneers in the use of visual storytelling and photojournalism.
What reason did southerners give to support their positions against ending the slave trade?
They had a whole list of reasons. Some were; Slavery was in the Bible, slaves were happier as slaves, slaves had food and a place to live otherwise they wouldn't have that. These things, of course, are excuses, but it is what they used to rationalize slavery.
What were the factors that led to the use of slaves in the south?
The use of slaves in the South was primarily driven by the region's agricultural economy, which relied heavily on labor-intensive crops like cotton, tobacco, and rice. The invention of the cotton gin in the late 18th century increased the demand for labor to produce cotton, further entrenching the reliance on slave labor. Additionally, the lack of industrialization in the South meant that the economy was largely dependent on agriculture, making slavery an attractive option for plantation owners seeking to maximize profits. Cultural justifications and racial ideologies also played a significant role in sustaining the institution of slavery.
What was the role of currency in Mesopotamia's economy?
Currency did not exist in Mesopotamia. Instead, the economy relied on a barter system where goods and services were exchanged directly without the use of money.
I live in a colony that uses slaves on its rice plantations Many English settlers and slaves came here from Barbados in the Caribbean Where do I live?
You likely live in the Southern colony of South Carolina, which was heavily influenced by Barbadian colonists who brought their plantation system and use of African slaves to work on rice plantations. This migration from Barbados helped shape the colony's economy and society.
What kind of currency did slaves use?
usually slaves didnt posses money. but depending on where they are from, or put into slavery they use local currency if any. like Persian slaves would have to use greek currency if enslaved and given to a greek.
In what context can the word heavily be used?
Heavily can be used in multiple ways. One definition of heavily is to describe an item that is heavy. Another use of the term can be very slowly, and third the term may be used to mean severely.
Why were the confedaracy and the union fighting?
They south was fighting to gain independence. The north was fighting to preserve the union. Slavery was a big issue during the civil war. The southern economy relied on slavery, without it the southern economy would have collapsed. The northern economy was threatened by slavery. After the south began using slaves in factories, the north became increasingly hostile to the south and slavery because southern factories used slave labor which allowed them to produce cheaper goods. The use of slaves in factories threatened northern economy. Many historians believe that this economic threat lead to the civil war.
How Did slave owners support their use of slaves?
slave owners supported their use of slaves by saying they were good for the economy and because they were doing them a favor by letting them as slaves because they actually got a house and food for free unlike factory workers who had to rent it
Who knew about slavery?
Everybody?... Slavery was wide spread, everybody knew about slavery during the American Civil War, if you mean "Who believed in it?" then that is also hard to answer, as it was the Northerners, who had no use for slaves, and the southerners, who relied on them.
