Barter of America

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Secrets of the Trade by Jack Schacht

Cashing In on Barter
Money isn't everything in the lively trade exchange business

Local Currencies:
Catalysts for Sustainable Regional Economies
by Robert Swann and Susan Witt

A Monetary System for the New Millennium
by Roger Langrick

To read this articles on the barter history, click here.

Money Museum - Barter in Colonial America

	Coins were scarce during the early colonial period, and much of the meager supply available went to pay for imported goods. Short of cash to spend at home, the settlers used tobacco, rice, corn, and numerous other commodities to buy goods and services and pay debts.

Pelts
	Pelts were used to pay court fines and debts to buy goods. Sought after by fashionable Europeans, the skins became important export items.

Musket Balls
	Circulated as money at a farthing (1/4 penny) a piece.

Iron Nails
	Even such important objects as nails occasionally served as substitutes for scarce coins.

Farm Products
	Corn and tobacco were the most important of the farm products that came into use as money substitutes. Both were declared legal tender and could be used to pay taxes and other debts.

Wampum
	Indians traded with strings and belts of polished beads known as wampum. Colonies soon adopted wampum as a commodity currency.

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