debt barter credit money saving
1. A plantation owner like George Washington did not always use ____________ to purchase merchandise from English merchants.
2. Colonial Virginians used an economic system of trading called __________ to purchase goods and services.
3. A merchant such as Fielding Lewis would probably allow colonial Fredericksburg shoppers to buy merchandise on ___________, instead of cash.
4. George Washington could pay his ___________ owed to an English merchant with tobacco or other crops from his plantation.
5. Unlike colonial Virginians, today we can buy merchandise using cash and keep our extra money or __________ in a bank.
It's the eighteenth century and you are Fielding Lewis, a local Fredericksburg merchant and leader. Mr. Lewis who once owned a store at the corner of Lewis and Caroline Street sold items such as fabric and other household items in his store.
It was not uncommon for many people during the colonial period to keep a journal. As Fielding Lewis, write a journal entry about your store's recent business activities. Be sure to use the following vocabulary terms: debt, money, barter and credit.
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