why did people start barter system
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Due to lack of money, bartering became popular in the 1930s during the Great Depression. It was used to obtain food and various other services. It was done through groups or between people who acted similar to banks. If any items were sold, the owner would receive credit and the buyer's account would be debited.
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As there were no money in 1930s the batting system becamed popular as barting system were giving profit to people
- People can exchange goods without giving money
- it is also known as another method of barting
- others needs are easily benifited
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