History: Before there were coins



wampum


If you've ever heard the term "wampum," it really was legitimate currency in the early 17th century in North America. It was officially decreed in Massachusetts in 1637 that wampum was worth a specific amount. Wampum was simply made out of sea shells, ground down roughly to the size of a kernel of corn. Specifically, they were white seashells, and drilled with a small hole so they could be strung on a belt.

Other items used for financial exchange were pelts (furs), corn, and bullets.











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