The islands of the Caribbean were fairly densely populated with sedentary, subsistence agriculturalists, No complex hierarchical social or political system evolved there. There were no tribute or labor requirements of inhabitants that could be co-opted by the Europeans upon their arrival as subsequently happened in central Mexico and the Andean regions.
There is evidence of pre-Contact trade in the circum-Caribbean region, with an early European report by
Peter Martyr noting canoes filled with trade goods, including cotton cloth, copper bells and copper axes (likely from Michoacan), stone knives and cleavers, ceramics, and cacao beans, used for money. Small gold ornaments and jewelry were created in the region, but there is no evidence of metals being used as a medium of exchange nor their being highly valued except as ornamentation. The natives did not know how to mine gold, but knew where nuggets could be found in streams. On the Pearl Coast of Venezuela, natives had collected large numbers of pearls, and, with the arrival of the Europeans, they were ready to use them in trade.
[21]