Money and Transportation in Maryland, 1720-1765 (Classic Reprint)

Book excerpt: Excerpt from Money and Transportation in Maryland, 1720-1765 Like all other civilized communities, the American colonies made gold and silver coin both their standard Of value and, as far as possible, their medium Of exchange. The southern and central parts of America proved so rich in the precious metals that they were able to replenish the disappearing supply in Europe; but as far as was known to the settlers, the English colonies were entirely lacking in gold and silver mines. Hence one of the first economic problems facing the English colonists was to procure enough bullion to supply the needs of their growing trade. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.