Ep. 67: The Political Economics of Puritan New England, Pt. 3: Wampum, Fur, and the Emergence of a Transitory Economy

As Puritan New England’s population grew, they needed a sustainable economy. They needed an industry that could build wealth. They needed a commodity and a currency. For a season, those needs were met by wampum and fur. Although that economy would fail, it, like the initial trade triangle of codfish and wool, would help to stabilize their growing society for a time. It was a most necessary stop-gap that helped to carry them until trade routes were developed that brought hard currency, gold, and silver to the colony. Audio Production by Podsworth Media.

History Comes Alive! with Jeff Nichols