Comments on: Did the native american tribe, the mound builders, have a common currency or a barter economy? http://www.myylt.com/2010/06/03/did-the-native-american-tribe-the-mound-builders-have-a-common-currency-or-a-barter-economy/ Discussion of Forex Trading and Currency Trading Thu, 24 May 2012 02:30:11 +0000 http://wordpress.org/?v=2.3.3 By: Wesley http://www.myylt.com/2010/06/03/did-the-native-american-tribe-the-mound-builders-have-a-common-currency-or-a-barter-economy/#comment-26288 Wesley Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2010/06/03/did-the-native-american-tribe-the-mound-builders-have-a-common-currency-or-a-barter-economy/#comment-26288 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. 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.

]]> By: Piper http://www.myylt.com/2010/06/03/did-the-native-american-tribe-the-mound-builders-have-a-common-currency-or-a-barter-economy/#comment-26289 Piper Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2010/06/03/did-the-native-american-tribe-the-mound-builders-have-a-common-currency-or-a-barter-economy/#comment-26289 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. 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.

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