Story Created:
May 18, 2009 at 7:31 PM CST
Story Updated:
May 18, 2009 at 9:32 PM CST
During this weaker economy people are looking for new ways to get the things they want and an old trade is making a comeback. It's called barter and it's making a come back.
The definition of bartering is to trade by exchange of commodities rather than by the use of money. Popular websites like Craigslist are allowing people to trade vehicles and other things they want without swiping a credit card.
Albert Einstein once said "if i had my life over again, i would elect to be a trader of goods, rather than a student of science. i think barter is a noble thing."
An 1874 newspaper illustration from Harper's Weekly, shows a man engaging in barter: offering chickens in exchange for his yearly newspaper subscription.
Barter is an old idea that got new life thanks to the enormous communicating powers of craigsist and other sites on the web and people in south dakota are taking advantage of this.
A Bell Fourche trader is looking to barter his 10 horse power mower for a good running snow blower.
A Brandon trader is looking to barter his 34' Chevy Master Series two door town sedan for an HD Panhead or Knucklehead.
A Hartford trader is looking for a laptop, scooter, boat or canoe for their maple hutch.
If you've been looking for a hot tub a Jasper, Minnesota trader is looking to barter for a car, truck, atv or snowmobile.
The bartering business isn't just products for products either. A trader in Brandon is looking to exchange horse back riding time for barn work.
Now before you get into the bartering business there are things the attorney general wants you to be cautious of. He says the internet form of bartering is a little different than the ways of the past when you met face to face. "You can't see the product you are dealing for and the other person can't see the product they are dealing for and so you don't have the same type of control of the situation if you were bartering face to face," said Long.
For that reason he says to you need to develop a safe guard so you know that you are going to get what you bargained for.
But who knows? That old truck in your garage could get you whatever it is you've been wishing for and it's just a click away.
Bartering isn't just an underground way of business either. The Democratic Republic of Congo is trading with a massive state-owned firm based in Beijing, the China Railway Engineering corporation. they're planning a new road which will be the first endeavor of the biggest single deal China's ever done in Africa, worth $9 billion.
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