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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.
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...
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