Question
Use the excerpts to answer the question.
"Money is very scarce in Texas; not one in ten sales are made for cash...Trade is daily increasing, owing to the large crops of cotton..."
--Colonel Juan Almonte, 1834 report to the Mexican government on Texas
"If they (settlers in Texas) want any article of first necessity, coffee, for instance...they will send some of their chickens, butter, and eggs to a neighboring family newly arrived, and propose an exchange."
--Mary Austin Holley, from Texas: Observations, Historical, Geographical, and Descriptive, 1833
What was one common feature about Texas economic activity in the 1830s that both Juan Almonte and Mary Austin Holley addressed in their writings?
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Responses
Texans relied on a barter system to exchange goods.
Texans relied on a barter system to exchange goods.
The Texas economy was a cash-based system.
The Texas economy was a cash-based system.
Most Texans were able to produce their own manufactured goods and luxury items.
Most Texans were able to produce their own manufactured goods and luxury items.
Texas depended on an economy based on enslaved labor.
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The correct response is:
Texans relied on a barter system to exchange goods.
Both Juan Almonte and Mary Austin Holley highlighted the use of barter and trade among settlers in Texas due to the scarcity of cash and the practice of exchanging goods, such as chickens and butter, for necessary items.
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