Shinnecock Indian Nation western Connecticut, the lower Hudson River Valley, through present-day New Jersey, Delaware and Pennsylvania. Like the other Native peoples of Long Island, the Shinnecock made "wampumpeag" (wampum), shell beads strung onto threads that were used as currency, for record-keeping, for aesthetic purposes, and to symbolize a family. These shell beads have been found at Native American-inhabited sites as far west as the Rocky Mountains, showing their value in a trade. Although other New England tribes produced "wampumpeag", the Indians of Long Island are reputed to have made the best. Paumanac, one of the many names given to Long Island, means
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