During the antebellum period,most international payments were made by

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During the antebellum period, most international payments were made through bills of exchange. Bills of exchange were essentially written orders from one party to another to pay a specified amount of money at a specific time in the future. They were widely used by merchants and traders to facilitate international trade and were seen as a more convenient and secure method than shipping large amounts of specie (gold and silver) overseas. Although private banks did extend credit, it was not the primary method of international payment during this time period.

During the Antebellum Period,most International Payments Were Made by