Why did the use of still drills to produce wampum lead to massive inflation?

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2026-05-11 06:15

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The use of still drills to produce wampum significantly increased the supply of these shell beads, which were used as currency among Native American tribes and early European settlers. This oversupply diminished the intrinsic value of wampum, leading to inflation as more wampum was required to purchase goods and services. As wampum became less scarce, its status as a reliable medium of exchange weakened, further exacerbating inflationary pressures in the economy. Consequently, the devaluation of wampum disrupted trade and strained economic relations.

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