Refer to the article “From Barter to Bitcoin” in your Money, Money, Money magazine for a complete version of this text.


Based on the information in “From Barter to Bitcoin,” why is wampum, the currency used by Native Americans, replaced by other currencies?



Europeans begin making it and flood the market, making wampum lose its value.


It is too time-consuming to produce it compared with other options for currency.


It becomes too expensive to find the materials to make wampum.


Europeans introduce their own form of currency in North America.