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Economy of New France

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by

Steven Katounis

on 8 June 2011

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Transcript of Economy of New France

Economy in New France In 1608, Samuel de Champlain created the first truly permanent French settlement in the area around where Québec City stands today. It was a small settlement - no more than 60 colonists lived here by 1620. It remained a small fur trading post for the first 50 years of its existence.

In 1663, New France suddenly undertook a period In 1663, New France suddenly undertook a period of extensive expansionism. Jean-Baptiste Colbert, a leading minister in France, particularly believed in compact settlements that would better protect the colony against warring Aboriginals and the British. They were 100 french investors to colonize New France
Maintained the clergy and paid soldiers for defense against the Iroquois
Each member contributed $9000
This started New France's economy
New France got people into New France by having cheap land. Port Royal post was abandoned (French government created new trading post for fishing industry)
Champlain decided on Quebec because it was advantageous (lots of untouched land) this is where they made the habitants of Quebec trading post Colonies like New France gather raw materials and send them to France (mother country) then France manufactures goods and sends products back to the colonies
In 1701, no furs were collected but France was forced to still pay the colony to keep it running
Therefore they couldn’t be very independent or improve their economy, but New France kept stability because of France New France was mainly a "fish and furs" economy. The population became small compared to that of the british colonies in New England. In 1720, New England had a population of about 466,200 while New France had about 24,900 people at about the same time. The Hudson's Bay Company is one of the oldest trading company from the early times. When Champlain explored the religion, he sent reports to France about the economic future. Out of the 9 topics I have selected to do I have chosen the Economy of New France. This is the France flag Early in the 16th century fishermen from northwest Europe were taking rich catches of COD on the Grand Banks off Newfoundland and in the Gulf of St Lawrence Drying their fish on the shore took weeks. During the time the fish were drying they made relations with the native people. The natives were eager to trade metal and cloth goods from the Europeans: iron knives and axes, awls, copper kettles, blankets and trinkets. In exchange offered furs and fresh meat. The fisherman made a lot of money. In conclusion that is my topic i have chosen Economy of New France. Thank you By:Steven Katounis
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