Virginia's Cash Crop VS.4 a,f

What was the main challenge for the early settlers in Virginia when they arrived?

• Growing food for their families

• Creating an economy and finding something to trade

• Building homes and schools

• Finding gold and jewels

Why was tobacco referred to as 'green gold' in colonial Virginia?

• Because it grew quickly like grass

• Because it was used as a form of currency

• Because it was highly profitable and in demand

• Because it was the color of money

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What was the major downside of the tobacco boom in colonial Virginia?

• It caused soil erosion

• It led to the reliance on enslaved labor

• It made the colony dependent on England

• It was difficult to transport to Europe

How did colonists manage daily transactions without physical money?

• They relied on bartering and credit systems

• They traded tobacco leaves directly

• They used shells as currency

• They used gold coins

What is the key difference between bartering and credit?

• Bartering is based on trust, while credit is not

• Bartering involves immediate exchange, while credit is a promise to pay later

• Bartering uses money, while credit does not

• Bartering is only for food, while credit is for tools