1) Cash crop a) Coins and paper money b) Plants and food grown to sell to others. c) Tools for work and cooking, special foods, hats, clothes, shoes to purchase d) Money put away to save or spend later 2) Money (currency) a) Plants and food grown to sell to others. b) Money put away to save or spend later c) Coins and paper money d) Doing/making things to barter for goods. 3) Barter a) Trade something you have (crops) for something you need (food, clothing, tools, animals) b) Plants and food grown to sell to others. c) Crop used like money to barter (trade) for food, clothing, tools, animals, (goods) and work (services)). d) From nature - food, animals, plants 4) Credit a) Buy something now and pay later b) Colonial Virginia did not have banks c) Tools to help grow crops or build to make goods to sell d) Doing/making things to barter for goods. 5) Debt a) Colonial Virginia did not have banks b) People needed for jobs c) Plants and food grown to sell to others. d) Money, good, or service you owe to someone 6) Savings a) Tools for work and cooking, special foods, hats, clothes, shoes to purchase b) Money put away to save or spend later c) Trade something you have (crops) for something you need (food, clothing, tools, animals) d) People needed for jobs 7) Tobacco a) Crop used like money to barter (trade) for food, clothing, tools, animals, (goods) and work (services)). b) Colonial Virginia did not have banks c) Doing/making things to barter for goods. d) Money, good, or service you owe to someone 8) Goods a) Tools to help grow crops or build to make goods to sell b) Trade something you have (crops) for something you need (food, clothing, tools, animals) c) People needed for jobs d) Tools for work and cooking, special foods, hats, clothes, shoes to purchase 9) Services a) Doing/making things to barter for goods. b) Trade something you have (crops) for something you need (food, clothing, tools, animals) c) Coins and paper money d) From nature - food, animals, plants 10) Banks a) Trade something you have (crops) for something you need (food, clothing, tools, animals) b) Colonial Virginia did not have banks c) Money, good, or service you owe to someone d) Tools for work and cooking, special foods, hats, clothes, shoes to purchase 11) Natural resources a) From nature - food, animals, plants b) Crop used like money to barter (trade) for food, clothing, tools, animals, (goods) and work (services)). c) Doing/making things to barter for goods. d) Money put away to save or spend later 12) Capital Resources a) Money, good, or service you owe to someone b) Tools to help grow crops or build to make goods to sell c) Crop used like money to barter (trade) for food, clothing, tools, animals, (goods) and work (services)). d) Money put away to save or spend later 13) Human Resources a) Doing/making things to barter for goods. b) People needed for jobs c) Plants and food grown to sell to others. d) Money, good, or service you owe to someone
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Life in Colonial Virginia
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Margaret103
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