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English colonists in the New World initially faced challenges with money, as they relied on barter and trade due to a lack of established currency. Over time, they began using foreign coins, such as Spanish pieces of eight, and created their own forms of currency, like tobacco notes in Virginia. The introduction of paper money in some colonies helped facilitate trade but also led to inflation and economic instability. Ultimately, the evolving financial systems reflected the colonists' adaptation to their new environment and economic realities.

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