MONEY MAT­TER$

The Hamilton Spectator - - SPORTS -

• In colo­nial times, peo­ple some­times wanted to come to Amer­ica but didn’t have enough money for the boat fare. They would of­fer to work for seven years for anyone who would pay their way across the ocean. These work­ers were called in­den­tured ser­vants. Do you think they got a fair deal? Sadly, in­den­tured servi­tude still ex­ists in many third world coun­tries to­day. For ex­am­ple an adult who can­not pay back a loan or other debt may prom­ise to work off the debt by work­ing with­out pay for a num­ber of years. • Peo­ple were mak­ing coun­ter­feit (fake) money long be­fore to­day…. Gen­uine wam­pum beads were made from dif­fer­ent types of shells. But, Euro­peans made coun­ter­feit wam­pum from glass. In 1872 an Ir­ish cap­tain, David Dean O’Keefe, quar­ried his own Yap stones us­ing dy­na­mite and other west­ern tech­nol­ogy. Be­cause they were not made in the tra­di­tional way, many ar­gued that his stones were coun­ter­feit. Co­coa beans were used as money dur­ing the Aztec em­pire. They were so val­ued that some dis­hon­est mer­chants ac­tu­ally made coun­ter­feit beans out of clay!

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