QuestionJune 21, 2025

Which was most used by early US colonists to purchase and trade goods? Spanish dollars gold standard barter system commodity money

Which was most used by early US colonists to purchase and trade goods? Spanish dollars gold standard barter system commodity money
Which was most used by early US colonists to purchase and trade goods?
Spanish dollars
gold standard
barter system
commodity money

Solution
4.4(279 votes)

Answer

Spanish dollars Explanation Early US colonists primarily relied on the barter system for trade, as they often lacked a stable currency. However, Spanish dollars were also widely accepted due to their silver content and international recognition.

Explanation

Early US colonists primarily relied on the barter system for trade, as they often lacked a stable currency. However, Spanish dollars were also widely accepted due to their silver content and international recognition.
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