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5 phases of fur trade
1
5 phases of the Fur trade
phase 3
Britain established the Hudson’s Bay Company in 1670
HBC competed directly with France
Britain offered a group of Merchants a monopoly in Rupert’s Land
Cree & Nakota worked for both the British & the French
Anishinabe & Coureurs de Bois worked solely for the French
phase 2
north amercia dominated during this phase
New France was permanently settled at this timeFur trade was central to the economy in New France.Quebec & Montreal were critical for the fur trade network that ran along the St. Lawrence riverQuebec City was where importing & exporting to France occurred.French Wendat , Mi’kmaq, Innu& Kichesiprini were all partners in fur trade
phases 1-early
cod fishing began the early fur trade
the Eurpine people woulld trade with the people who come to get fish
british set up stations on land to dry fish
french came to land to refill their water suplly
early fur trade benefitted both eurpeans and first nations people
phase 5
Monopoly in the West 1821 - 1870
Hudson’s Bay Company & Northwest Company merged
Competition between HBC & NWC led to shootings, fights, & hostage takings
1821: Britain ended the conflict by merging the two companies
HBC began to lose their monopoly, as independent Metis traders won a court case that allowed them to supply pemmican & furs to the Americans
Britain worried that they would lose Rupert’s Land
Trade declined in the West
Fur trade began to lose its importance
Buffalo began to disappear
Beaver became scarce and there was less of a demand for furs in Europe Rupert’s land was sold to Canada in 1869
phase 4
Northwest Company took over the French trade network
It was British owned but had French & Metis working for them
New France became a British colony in 1763
French just focused on fur trade
British focused on farming & the land
Eventually farming pushed the fur traders off the land