Lewis Spence in such books as Atlantis in America and his other Atlantis books mentioned that from some CroMagnon burials it seemed that they were keen on making many beads into running strands of wampum. Wampum was used in parts of America, particularly in the eastern Woodlands area, as a sort offcial documentation of important agreements and a solemn exchange -which the white men took to mean the same thing as money and so translated the term. I think from the remains that Spence was probably right and the CroMagnon beads were ordinarily shell beads like ordinary Wampum: the idea deriving from even older use of shell beads in Africa. But CroMagnons definitely made a much bigger deal out of beadwork and added the variation of using ivory beads, as shown in this example. It also does seem there was some cognitive association between making Wampum, and the use of quipus and abacuses (Wikipedia suggests the link) and that Wampum was used for documents encoding a type of "Protowriting". I have no problem with the idea that the entire system of wampum making, symbolism, and use comes directly from Atlantis, and that the beads have been in use since the Arachaic period, just not recognised in most Archaeological contexts.
Description and manufacture
"The weaving of wampum belts is a sort of writing by means of belts of colored beads, in which the various designs of beads denoted different ideas according to a definitely accepted system, which could be read by anyone acquainted with wampum language, irrespective of what the spoken language is. Records and treaties are kept in this manner, and individuals could write letters to one another in this way."
- Dubin, Lois Sherr. North American Indian Jewelry and Adornment: From Prehistory to the Present. New York: Harry N. Abrams, 1999: 170-171. ISBN 0-8109-3689-5.
- Geary, Theresa Flores. The Illustrated Bead Bible. London: Kensington Publications, 2008: 305. ISBN 978-1-4027-2353-7.
- Perry, Elizabeth James. About the Art of Wampum. Original Wampum Art: Elizabeth James Perry. 2008 (retrieved 14 March 2009)
- Harper, Douglas. "Wampum". Online Etymology Dictionary. http://www.etymonline.com/index.php?term=Wampum. Retrieved 2011-10-15.
- "Wampumpeag". Dictionary.com Unabridged. Random House, Inc. http://dictionary.reference.com/browse/Wampumpeag. Retrieved 2011-10-15.
- Gawyehnehshehgowa: Great Law of Peace. Degiya'göh Resources. (retrieved 14 March 2009)
- Johansen, Bruce E. "Dating the Iroquois Confederacy", Akwesasne Notes, Fall 1995, Volume 1, 3 & 4, pp. 62-63. (retrieved through Ratical.com, 14 March 2009)
- Otto, Paul  "Henry Hudson, the Munsees, and the Wampum Revolution" (retrieved 5 September 2011)
- Oberg, Michael Leroy. Uncas, First of the Mohegans. Ithaca, NY: Cornell University Press, 2003: 158. ISBN 0-8014-3877-2.
- Samuel Smith, The History of New Jersey p. 76
- Galbraith JK. (1975). Money: Whence It Came, Where It Went. pp. 47-48. Houghton Mifflin Company.
- Robert Beverley, The History and Present State of Virginia
- William James Sidis, The Tribes And The States: 100,000-Year History of North America