Wampum Wampum Wampum is a traditional shell bead of the Eastern Woodlands tribes of American Indians. It includes 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. It was used by the northeastern Indian tribes as a form of gift exchange, and the colonists adopted it as currency in trading with them. Eventually, the colonists developed more efficient methods of producing wampum, which caused inflation and ultimately its obsolescence as currency. Wampum was often kept on strings like Chinese cash. Before European
Molluscs in culture North America, Africa and the Caribbean have used shells as money, including "Monetaria moneta", the money cowrie in preindustrial societies. However, these were not necessarily used for commercial transactions, but mainly as social status displays at important occasions, such as weddings. When used for commercial transactions, they functioned as commodity money, as a tradable commodity whose value differed from place to place, often as a result of difficulties in transport, and which was vulnerable to incurable inflation if more efficient transport or "goldrush" behaviour appeared. Among the Eastern Woodlands tribes of North America, shell beads known as wampum were kept