cookieChoices = {};'

Saturday, April 5, 2014

Pounds Sterling

Trade among the colonists was made with pounds of tobacco or pounds sterling, pictured here with a 1645 coin.  The term is frequently found in 17th and 18th century deed records. Throughout history, the English coin has compared itself to American coins.  For many years now, it has been more valuable than the dollar.  The colonists who shipped or traded abroad established trade with factoring companies, mostly in London. The factor received shipments and managed the funds
in a planter's account. The tobacco crops of Virginia became a lucrative means of trade, while the Carolinas and Georgia produced coastal rice and cotton.  Local economies dealt more in trade or barter than actual money.  While New England States preferred manufacturing, the real breadbasket of the country was the South.

Follow by Email
Enter your email address:


Delivered by FeedBurner


Become a member of the Pioneer Families Community, and enjoy the benefits of a network of genealogy experts: including access to all eight websites, books written by renowned Georgia genealogist Jeannette Holland Austin, and personal help with your research for any family in GA, NC, SC, or VA. A full year of membership with all these benefits for less than $13 a month, compared with up to $45 a month at ancestry.com
  1. GeorgiaPioneers.com
  2. KentuckyPioneers.com
  3. NorthCarolinaPioneers.com
  4. SouthCarolinaPioneers.net
  5. VirginiaPioneers.net
  6. Genealogy-Books.com
  7. GaGraduates.com (Graduates database from ca 1830 to 1925)
  8. SoutheasternGenealogy.com (Digitized Wills in counties of: Carter 1794-1830; Jefferson 1802-1810;Johnson 1839-1900;Unicoi 1878-1887; Washington 1779-1800)
SAVE MONEY! Click on Annual Membership button - $150.00 for one year.

Subscribe



No comments:

Gadget

This content is not yet available over encrypted connections.