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Barter facts & stats

6 sourced facts about bartering and trade exchange, each with the context behind the number. 4 more are in today's round and appear here after it closes.

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The basics

About how many US businesses were engaged in barter exchange activity around 2010?

Answerabout 450,000 businesses

Barter exchanges remain a niche but persistent part of the small-business economy.

Source: Wikipedia (2010) en.wikipedia.org

Going deeper

In what year was Switzerland's WIR Bank, a barter-currency system for businesses, founded?

Answer1934

WIR Bank was created after the Great Depression left many Swiss businesses short on cash.

Source: Wikipedia (2025) en.wikipedia.org

Expert level

In what year did a US law first require barter exchanges to report trades to the IRS?

Answer1982

The Tax Equity and Fiscal Responsibility Act brought organized barter under formal tax reporting rules.

Source: Wikipedia (2025) en.wikipedia.org

About how many Argentinians used the barter currency 'Crédito' during the 2001-2003 economic crisis?

Answeran estimated 2.5 million people

During Argentina's economic collapse, barter networks helped people get by without cash.

Source: Wikipedia (2025) en.wikipedia.org

In what year did the National Equitable Labour Exchange, an early organized barter scheme, open in London?

Answer1832

Early 19th-century labor exchanges let workers trade goods valued by the hours of labor they took to make.

Source: Wikipedia (2025) en.wikipedia.org

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