Tuesday 5 November 2013

Economy and development of New France-

The economy of Fur
beaver pelts were the highest form of currency
they were used to make hats and coats 
often traded for 5 furs at a time 
the kings tariffs took 25 % of the profit
once traded 20 knives for 5 furs

The Company System
three companies were attempted in the great lakes region all failed and were replaced
the hudson bay company is still alive today
the companies were tasked with  populating the colony
later they were in charge of fur trade with the natives
the hudson bay company was the most prosperous.

the hudson bay company
still thriving today it is one of the only remaining enterprises from the age of colonization
present in many different forms of the market present today 
the hudson bay company is still profitable today 
it was given complete control over the colony and its citizens and imports and exports

Expansion of the territory
in the much later years of the colony's development a railroad was  built in order to create a mode of transportation to the further provinces including bc and manitoba

The beaver crisis 
once the king's tax was implemented on furs the traders normally bought in groups of 5 furs 
having difficulty  transporting the furs the french established a town in new brunswick in order to have the furs last the trip to europe.

The economy of New France before 1663
the economy was bassed solely on furs and agriculture and also partially on the creation of goods from craftsmen in the settlement of montreal.

Agriculture
agriculture ranged from tabbaco  to tomatoes to other medicinal herbs and spices that they were taught about by the natives. agriculture included clearing forests and using the wood to build new houses or goods that would be shipped to europe.

Attempts to diversify the economy
in an attempt to diversify the economy the king allowed the irish and other eastern european  peoples to migrate to canada.

The currency
after the french government lost their influence and control over the colony and economy the  new british government adapted the new colony to their economy , to pounds.

Obstacles to diversification
an obstacle to the diversification of the colony was the fact that quebec had separated into 2 parts upper and lower canada each with their  own population whether it be loyalists or rebels. 
many failed attempts at merging the 2 the rebels eventually fell and the loyalists took control of the colony .


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