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What is a wampum?

What is a wampum? Here are some definitions.

Noun
  1. Small beads made from polished shells, especially white ones, formerly used as money and jewelry by certain Native American peoples.
  2. (informal) Money.
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Examples
Perhaps the most important trade good in this part of the world was wampum.
The wampum represents travelling the river together, side by side, but in different vessels.
He is shown as a statesman, holding one of the wampum belts presented to Queen Anne.
The white beads were called wampum or wompom and the black beads suckauhock, or black money.
From the early 1620s, coastal Indians supplied wampum to Dutch traders who exchanged it with inland natives for beaver pelts.
Wampum was American Indian bead money, and the purple interior of the quahog shell was used for high-denomination wampum.

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