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Essay

Currency In Colonial America

Essay specific features

 

Issue:

American History

 

Written by:

James L

 

Date added:

January 24, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 666

 

Was viewed:

8960 times

 

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Essay content:

The most popular form of currency among Native Americans was small beads made from clam shells, called wampum. The word "wampum" comes from the Narragansett word for white shell beads. It was widely used for an informal money system, storytelling, a memory aid, and record keeping. Other uses included marriage ceremonies and in some cases, for religious purposes...
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Other uses included marriage ceremonies and in some cases, for religious purposes. Wampum’s use of money undoubtedly came about as an extension of its desirability for ornamentation. Beads of it were strung together in short lengths of about 18 inches or much longer ones of about 6 feet. Colonists adopted this system from the Native Americans and began accepting wampum as currency...
displayed 300 characters

General issues of this essay:
Currency In Colonial America Chaos In The Currency Markets : Currency Crisis Of The Ems Chinese Currency Currency Hedging Currency Hedging Currency hedging Currency hedging Currency currency Risk Management Exchange Rate Mechanisms - Currency Hedging Factors that Determine the Currency Exchange Rates Forward Currency Exchange Market The Future Of Currency currency riskmanagement Euro Currency Markets
 

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