Virginia Studies: Colonial life and economy

What is bartering?

• Trading goods and services without money
• Buying a good or service and paying for it later
• A good that is owed to another

What is credit?

• Trading goods or services without using money
• Buying a good and service and paying for it later
• A good or service that is owed to another

What is debt?

• trading goods or services wihout the use of money
• Buying a good or service and paying for it later
• A good or service that is owed to another

What is savings?

• Putting away more to spend at another time
• Buying a good or service without using money
• Trading goods or services without using money

What did farmers use during colonial Virginia to pay for goods and services?

• glass
• tobacco
• silver and gold

Were there banks in colonial Virginia?

• No

• Yes

• Maybe

In colonial times, meals were made of ____________ produce and meats.

• old

• local

• foreign

• new

In colonial times, most people lived in _____________ houses with dirt floors.

• mansion

• two stories

• one-room

• tent

In colonial times, most ____________ was made of cotton, wool, or leather.

• clothing

• houses

• toys

• nick knacks

In colonial times, most white Virginians made their living from the land as small ____________. A few owned large farms (plantations).

• politicians

• farmers

• blacksmiths

• teachers