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To: expat_panama

http://en.wikipedia.org/wiki/Wampum

Wampum are traditional shell beads of the Eastern Woodlands tribes of the indigenous people of North America. Wampum include the white shell beads fashioned from the North Atlantic channeled whelk shell; and the white and purple beads made from the quahog, or Western North Atlantic hard-shelled clam.

Wampum were used as money[1] by the Native Americans, and were kept on strings like Chinese cash. European colonists adopted wampum as their own currency; however, the Europeans’ more efficient production of wampum caused inflation and ultimately the obsolescence of wampum as currency.


7 posted on 02/22/2015 11:44:19 AM PST by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: abb
Wampum are traditional shell beads of the Eastern Woodlands tribes of the indigenous people of North America.

--but for the serious money changer we got Yap money stones:


14 posted on 02/22/2015 3:04:39 PM PST by expat_panama
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To: abb; expat_panama

Why we need currency competition. Let everybody print currency. The market will quickly sort out the inflationists.


27 posted on 02/23/2015 8:07:19 PM PST by 1010RD (First, Do No Harm)
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