Colonial Virginia CAES

Instead of paper or coins, what was sometimes used as a form of money by farmers to pay for goods

and services?

• Bartering

• Currency

• Tobacco

• Lumber

What does it mean to barter?

• The exchange of goods or services without the use of money

  
  

• Buying a good or service and paying for it later

  
  

• A good or service owed to another person

  
  

Which are an example of capital resources?

• • Soil, sun, and water helped grow crops

• Farmers, builders, doctors, clothing makers, candle makers

• Tools needed to produce goods and services

• Fish, wild animals, and crops provided food

Debt is

• Buying a good or service and paying for it later

  
  

• The exchange of goods or services without the use of money

  
  

• A good or service owed to another person

  
  

What is credit?

• Credit is a good or service owed to another person

  
  

• Credit is the exchange of goods or services without the use of money

  
  

• Credit is buying a good or service and paying for it later

  
  

An example of natural resources is

• • Fish, wild animals, and crops that provide food

• People that produce products and services

• • Tools needed to produce goods and services

• • Farmers, builders, doctors, clothing makers, candle makers, etc.

Which is an example of human resources?

• • Farmers, builders, doctors, clothing makers, candle makers

• Fish, wild animals, and crops provided food

• fishing net, hammer, and an oven

• beans, wool, and oysters

Enslaved African Americans

• made their living from the land as small farmers

• worked on farms and plantations

• had rights

• owned businesses

Free African Americans and Enslaved African Americans had what in common?

• received payment for their labor

• denied rights

• a few owned large plantations

• enjoyed the same rights as other races

Wooly, cotton, and leather were

• cash crops

• used by American Indians to build homes

• used to make clothing

• sold to England for profit