Credit in the Thirteen Colonies
The Thirteen Colonies made wide use of credit. Credit was used for domestic and overseas goods, as well as a method of repayment. Credit allowed colonists to defer their payments for goods and services until a later time, which was a more favourable payment option than cash or barter. Institutions accepted credit despite its risks, including that of the inability of a debtor to repay.
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Credit in the Thirteen Colonies
The Thirteen Colonies made wide use of credit. Credit was used for domestic and overseas goods, as well as a method of repayment. Credit allowed colonists to defer their payments for goods and services until a later time, which was a more favourable payment option than cash or barter. Institutions accepted credit despite its risks, including that of the inability of a debtor to repay.
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The Thirteen Colonies made wid ...... nability of a debtor to repay.
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31,047,690
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716,714,384
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The Thirteen Colonies made wid ...... nability of a debtor to repay.
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Credit in the Thirteen Colonies
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