1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anestetic [448]
2 years ago
8

What was not a problem with using commodity money in the us colonies prior to 1700?

Social Studies
1 answer:
vredina [299]2 years ago
3 0

Problem with using commodity money in the us colonies prior to 1700 Very few people were willing to accept commodities as payment.

British creditors feared charge in a currency of such fluctuating cost and to alleviate their fears the colonies have been prohibited from printing more paper cash. This brought about the cost of current paper money to plummet. This jolted a colonial economic system already suffering a surge in populace and could not be contained.

Colonial people complained that gold and silver coins were chronically scarce. those coins could be received simplest thru importation. Given unrestricted change in specie, marketplace arbitrage must have eliminated continual shortage.

Commodity cash is money whose fee comes from a commodity of which it's miles made. Commodity cash includes gadgets having cost or use in themselves as well as their value in shopping for items.

Learn more about commodity money here:- brainly.com/question/24199263

#SPJ4

You might be interested in
What two things helped prevent Japan from sliding into the Great Depression along with so many other nations? Select all that ap
Ahat [919]

The two things that helped prevent Japan from falling into the Great Depression along with so many other nations were devaluing currency and deficit spending.

In the Great Depression during the 1930s, a lot of countries abandoned their gold standard. Devaluations were common with widespread high unemployment. This policy is described as “beggar they neighbor”, wherein countries compete to export unemployment.


7 0
3 years ago
Read 2 more answers
What is a Region Clue cards?
il63 [147K]
It is from a hybridized mystery board game played in different geographic regions
3 0
3 years ago
Why did some colonists smuggle goods in the 1760s
Alex73 [517]

Some colonists resorted to smuggling because it offered a way they could avoid the restrictions placed on  trade by the British. Restrictions were placed on what the colonies could manufacture, whose ships they could use, and most importantly, with whom they could trade.

British merchants wanted American colonists to buy British goods, not French, Spanish, or Dutch products. In theory Americans would pay duties on imported goods to discourage this practice. The Navigation Act and Molasses Act were just two examples of royal attempts to restrict colonial trade.

Smuggling is the way the colonists ignored these restrictions.

6 0
3 years ago
What is the advantage of buying the house over renting the apartment? Sasha’s monthly expenses would be less for buying than for
mylen [45]

d. Sasha will own the house and earn equity as its value increases.

8 0
3 years ago
Read 2 more answers
Explain the connections between Abrahamic faiths. Although these three faiths have distinct beliefs and cultures, they share com
yulyashka [42]

Answer:

The three Abrahamic religions trace their origins to both sons of Abraham.

Explanation:

wiki

4 0
3 years ago
Other questions:
  • Which neo-freudian viewed personality disturbances as resulting from the feelings of inferiority that all people share?
    14·1 answer
  • Your niece is pregnant. she has heard that kegel exercises are a good idea, but does not know how to perform them. having a clos
    15·2 answers
  • Formulate
    14·1 answer
  • John's therapist strives to provide an atmosphere of acceptance and respect, no matter what comes up during the sessions. in ___
    7·1 answer
  • According to evidence, what is the first step a charismatic leader takes to influence followers? engaging in emotion-inducing an
    13·1 answer
  • The powers of the U.S. President were significantly limited by the decision in United States v. Nixon, in that it rejected which
    9·1 answer
  • Dr. Sciorro believes that because the majority of children acquire language without any effort, there must be a biological mecha
    5·1 answer
  • Slaves and indentured servants. Which one worked for others and which one worked for free passage?
    10·1 answer
  • What is one reason why the Ku Klux Klan targeted the Freedmen’s Bureau?
    14·1 answer
  • Patriot or Loyalist Journal
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!