Economy and development of New France

The economy of Fur:

• 17th century- Amerindian and French met each spring during fur trade.
• The Hurons Wendats- were the biggest fur suppliers.
• Hurons and French- obtains supplies from Amerindian nation, and the Outaouais.
• 1642- The Five Nations started to running out of fur.
• 1649- Iroquois destroyed all the village of Hurons-Wendat 
• The King of France imposed 25% in tax on the furs.

The company system

• 1627- Cardinal de Richelieu founded the company of one Hundred Associates.
• From 1645 to 1993- Merchanse from new France founded the Compagnie des Habitants 
• From 1664 to 1674 - Jean Batist Colbert founded the french west India Company 
• The companies that had a monopoly in the trading industry

Hudson's Bay Company

• Two french adventurers, Pierre-Esprit Radisson and Medard chouart Des Groseilliers 
• They both explored the Hudson Bay 
• they were trying to find fur trade
• Between French and British - fur trade in this region was the subject of a bitter

Expansion of the territory

• Adventurers traveled the territory on the waterways.
• They explored- Great Lakes, the Prairies  rocky mountains, Hudson Bay, the Ohio valley and the Mississippi river 
• French and British disputed for the regions that were discovered.

The beaver crisis

• 1690- the beaver economy was in crisis.
• King ordered a slowdown of the fur trade 
• The fur trade was to intense

The economy of New France before 1663

• New France role was to enrich France 
• Samuel de chaplain submitted a paper to King Louis XIII
• The economy of the colony centered on the fur trade until 1663  

Agriculture

• French regime - agriculture was the activity that occupied most people.
• The population increase by cultivating territory.
• children from a large family made their own contribution.

Attempts to diversify the economy

• Jean Talon tried to make the colony economically independent 
• Talon encouraged the creation of workshops that produced wool
• He found the naval shipyard were his ships would be use to export the colony 
• 1665- New France started to sell some of its surplus fur. 
• (1711-1726) Michel Begon oversaw the construction of sawmills 

The currency

• 1760-the Canadians faced difficulties getting their paper money by France 
• New France and France exchanged for cash
• (1682-1686) Jacques de Meulles issued the card currency.
• Many Canadians only received one-fourth of its value 

Obstacles to diversification

• Most of the metal used for ship construction had to be imported from France.
• Their was lack of carpenters 
• All these factors made  it more expensive to build ships in New France than in France