Clam - As Currency

As Currency

Some species of clams, particularly Mercenaria mercenaria, were in the past used by the Algonquians of Eastern North America to manufacture wampum, a type of shell money.

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Famous quotes containing the word currency:

    Both of us felt more anxiety about the South—about the colored people especially—than about anything else sinister in the result. My hope of a sound currency will somehow be realized; civil service reform will be delayed; but the great injury is in the South. There the Amendments will be nullified, disorder will continue, prosperity to both whites and colored people will be pushed off for years.
    Rutherford Birchard Hayes (1822–1893)

    One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.
    William Howard Taft (1857–1930)