The Fur Trade New France's Great Mistake
The furtrade: New France's greatest mistake The fur trade began as a by-product of the fishing industry and slowly blossomed into the French colony of New France. The French concentrated the fur trade along the Atlantic coastline and soon developed a good trading relationship with their business partners: the Natives (Origins, 41). The Indians were the people hunted and trapped the beaver and brought the final product to the Europeans. The relationship was very prosperous for both sides; the Europeans received highly profitable furs while the Indians, in return, received highly revered metal tools and other items that made day to day chores easier. As the demand for furs in Europe increased, in the 1580s, several merchant ships were sent out to solely trade in furs.(Origins, 41). By the 1590s trade reached such a volume that the French established a monopoly to indulge themselves in the newly profitable industry. In 1608, Quebec was founded by Samuel Champlain in an effort to establish a permanent trading post (Origins, 41). Expansion was gradual due to the harsh climate and the non-necessity of people. For example, by 1627 New France had only 2000 habitants compared to 20 times that in 13 colonies (Origins, 47).Right
The economic structure of the fur trade can be summed up in two words: highly regulated. Throughout the history of the fur trade in New France the Crown always had its hand in the profit margin that fur trade provided. From one day, the French government was handing out monopolies and granting exclusive trading rights like, for example to the Company of One Hundred Associates in 1627 (Origins, 47). This beaucratic system worked well in the beginning to sustain the primitive fur trade but it did have its limitations. The fur trade's vast expansion into the interior made it became increasingly difficult for the Crown to run such a complex industry with the communication technology of the 17/18th century. This lack of control paved the way from the couriers de bois who illegally involved themselves in the fur trade (Origins, 72). Another disadvantage was France's mercantilistic approach the fur trade. They saw the fur trade being there for one and one reason only: to serve themselves. Because of this ideology, the Crown failed to develop the colony of New France in a well rounded way. The colony was disjointed and scattered and thus prone to attack by a certain rivalry to the south. Another negative aspect to France's way of running the fur trade was that it wasn't able function during war times and war time is when cash flow is crucial(Igartua, A Change in Climate...). France a lot of their own money defending New France. The highly regulated, dependant system of fur trading, established by France contributed to the demise of New France. up to 1760, many attempts had been made to artificially stimulate new industries (brewery, triangle trading) and at best these were moderately successful (Notes, sep.28). The fur trade continued to be the backbone of New France. With glut of furs the 1690s and New France's almost complete reliance on the fur trade, the French colony was being complet
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Approximate Word count = 1286
Approximate Pages = 5 (250 words per page double spaced)
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