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The Economics of the Miracle on 34th Street

The David McWilliams Podcast

CHAPTER

The Evolution of Currency in New York

This chapter explores the historical significance of wampum as a currency used by Native Americans and its integration into early trade by European settlers in New York. It examines the transition from indigenous economic practices to a more complex trading system shaped by immigrant labor and geographical developments, including the transformative impact of the Erie Canal.

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