04e705d5_c__St__Science_SOL_s___Socrata__Subject
[Row number] 240 [Grade] 4 [SOL] VS.4d [SOL Text] The student will demonstrate knowledge of life in the Virginia colony byd) describing how money, barter, and credit were used. [Essential Knowledge] Money was not commonly used in early agricultural societies. Money: a medium of exchange (currency, including coins, paper bills). Barter: Trading/exchanging of goods and services without use of money. Credit: Buying a good or service now and paying for it later. Debt: A good or service owed to another. Saving: Money put away to save or spend at a later time. Few people had paper money and coins to buys goods and services. Tobacco was used for money. Farmers could buy goods and services on credit and pay their debts when their crops were harvested and sold. Colonial Virginia had no banks. [Key Words] Economics Jamestown [Marking Period] MP3 [Subject] 
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