Refer to the article "From Bartor to Bitcoin" in your Money, Money, Money magazine for a complete version of this text. Based on the information in "From Bartor to Bitcoin," why is wampum, the eurroney used by Native Americans, replaced by other currencies? It is too expensive to produce it compared with other options for currency. furopeans begin making it and flood the market, making wampum tose its value. It becomes too expensive to find the materials to make wampum. furopeans introduee their own form of eurrency in North Ameriea. 1 2 3 4 5 Finish

Wampum played a significant role in trade and communication among Native American tribes, originally created from shells, which made its production a labor-intensive process. However, as European settlers began to produce it in mass quantities, the market was flooded with wampum, diluting its value and rendering it less significant as a currency. Additionally, European colonial powers quickly introduced their own currencies, reshaping the trade landscape and diminishing the need for wampum. This shift marked not just a change in currency value, but a significant transformation in economic practices and interactions between Native Americans and European settlers.