Question

Why was money scarce when crops produced a good profit? savestylesformat instructions?

Answer 1

Was money scarce when crops produced a good profit? Money was scarce because whenever gold or silver was earned from exported products, it had to be sent to England to pay debts or to import needed goods.

Answer 2

Although a profitable surplus of products was maintained, money was as scarce in the colonies as it was in England. Whenever gold or silver was earned from exported products, it had to be sent to England to pay debts or to import needed goods. This produced an environment where money was scarce even despite the decent profit earned from crops.