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alamedacu.org

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Alameda Credit Union

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There was very little need to borrow money until the early 19th century. The society before that time was agrarian, based on the rhythm of the seasons and the growth of crops, and most family units were self-sufficient in ways that we can only imagine. Barter was the medium of exchange, there was very little money in circulation, and there weren’t many things you could buy with it. Changes began to come with industrialization, and although the use of money as a medium of exchange became more common, most people were still farmers.


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