from Part III - Alternatives
Published online by Cambridge University Press: 03 July 2025
On their first arrival in North America, Europeans entered a strange land but, most of all, an unfamiliar Indigenous economy. While capitalism functioned on a disembodied trade of goods or an abstract exchange of currency, Native societies honored the idea of the gift. On this belief in a gift economy, Indigenous people nurtured trade relations, but also diplomacy, war alliances, marriage, friendship, and peoplehood and ecology themselves. This chapter elucidates the idea and operation of an Indigenous gift economy, as it served and serves Native nations, and explores the gift’s impact on and disruption of European and American capitalist market economies. From this alternative Indigenous economic approach, as presented in anthropology as well as in traditional Indigenous thought, we turn to several representative works in American literature, from ancient myth and early testimony to autobiography, novel, and poetry, to illustrate the place of Indigenous ceremony, such as the giveaway and the potlatch, in its resistance to destructive colonial policy such as removal and allotment. Ultimately, Indigenous gift exchange economies give voice to America’s haunted money, from wampum to bucks, in which Native land was never “the gift outright.”
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