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
NEED HELP WITH QUESTIONS 1&2&4!!
RideAnS [48]
2) <span>Proclamation of 1763. I'm not sure about the rest, sorry</span>
6 0
3 years ago
The economy of South Sudan depends heavily on ____________.
Setler [38]

The economy of the South Sudan depends heavily on...

C ) oil.

•

•

- Marlon Nunez

8 0
3 years ago
Read 2 more answers
Waldo is traveling through a country located on the South China Sea.  This country was divided in 1954. H o Chi Minh's communist
dalvyx [7]
Waldo would be in a war zone. Most likely he would have to choose a side, and he would most likely choose Communist (if he's a ordinary man, like a farmer), or the Nationalists (if he is a business man)

He would most likely just leave i guess, since this war has nothing to do with him

hope this helps
4 0
3 years ago
Mountains Hills and deserts helped the Chinese to thrive because
seraphim [82]
Mountain hills and deserts helped the Chinese to thrive mostly because it protected them from invasion quite well.
4 0
3 years ago
Read 2 more answers
In what way was the rule of the Mughals under Akbar different from that of contemporary European monarchs? Akbar encouraged disc
Nataliya [291]

Answer:

Option: Akbar encouraged discussion between members of different religions instead of attempting to force religious conformity.

Explanation:

Akbar was known for his liberal views and religious policy. He adopted a policy of mutual understanding which allowed all religions to practice their faith and culture in his empire. He appointed many Hindu as a high official post. He also founded ‘Din-i-Ilahi’ a new religion, which allowed harmonizing all the religions community in his empire.  

5 0
3 years ago
Other questions:
  • Identify an example of how informal rules based on tradition play a part in american federalism.
    14·2 answers
  • Why did mario brajuha refuse to turn over his research notes to the authorities even when subpoenaed?
    15·1 answer
  • This form of inequality occurs as the result of who we are (or are not) connected to
    12·1 answer
  • Different factors come into play during the sentencing phase of a homicide case such as whether the sentence should be death or
    15·1 answer
  • True or False: A librarian is often the best resource for finding information within the library.
    14·2 answers
  • How do United States has been the same size
    7·1 answer
  • Researchers that are interested in the cognitive abilities of children who are either held back or advanced a grade in school as
    8·2 answers
  • Mention any 4 importance of development​
    11·1 answer
  • Help Please This is science
    12·2 answers
  • Because it moves substances from areas of high concentration to areas of low concentration, facilitated diffusion is a type of _
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!