Did the native american tribe, the mound builders, have a common currency or a barter economy?
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This entry was posted on Thursday, June 3rd, 2010 at 9:04 am and is filed under Currency Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
June 3rd, 2010 at 9:04 am
currency is extremely rare before the industrial revolution, and besides that, I don’t think the communal mindset of Native Americans would have any place for an "economy". But for simplicity sake, a barter economy would be the correct answer.
June 3rd, 2010 at 9:04 am
The articles listed below don’t address this question directly, possibly because they don’t know for sure. But the Mississpian culture (one of the mound building tribes) did have an extensive trade network. It might not have been a true currency system, but trading with others does imply a mutual understanding of set values for items.
The assertion that currency was "extremely rare before the Industrial Revolution" is entirely false. Currency, as in coins made of certain metals of a determined value to be used in transactions, have been in use since 2000 BC.