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Moral economy historians go on to explain that most commerce was on a bartering system, farmers traded with one another for goods. “These social historians see them as pre-modern husbandmen trying to avoid market participation in order to preserve their moral and communal culture.” Wood explains that although the differences between the two types of scholars seem large, it’s really just a matter of definition. They all agree on what colonial behavior was like, Wood says, “they just don’t agree on what to call it.” Both groups of historians agree that major economic changes occurred at the beginning of the 19th century...
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