Business, 10.03.2020 04:24 toribrown3773

Order the paragraph correctly. A. But the colonists had a favorable balance of trade with Spanish America—selling more than they bought—so Spanish coin was comparatively abundant. B. Why did the dollar, a Spanish monetary unit, become the basis of American currency rather than the British pound sterling, to which Americans were accustomed?C. More important, there was more Spanish than British coin circulating in the colonies and states in the late eighteenth century. D. Thus, British coin, known as pounds, tended to flow back to Great Britain. E. In part, it was a reaction against all things British. F. The reason there was more Spanish than British coin circulating in the colonies then was because the British paid in trade goods for the American products they purchased, and they preferred British coin for what they sold to the colonies.

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