The North America / Canada trade existed in the 1980’s, where the commodity of trade was Fur as the main product of sale, but there were other related activities performed, which included acquisition trade, sale of fur, and other animal product and fishing among the natives and the merchants.
The French people commenced their trade in the 16th century, but the trade was at its peak in the 19th Century and proving its viability, as they participated in setting up elaborate trade networks, to maintain their companies.
Early Days of Colonization:
The fur business existed as the main economic business opportunity though trade was impacted by trade conditions, which were competition among the players, who were British, French and other minor players.
In the early days of colonization of Canada /north America by the locals, the trade was the major economic activity, where many citizens depended on trade as there daily subsistence and the economic source of income.
But due to passage of time there was change of preferences and new development in fashion which led to a fall in prices of the commodity, which led to reduction in the sale turnover of different companies which lead to companies change of strategy and other exiting the market. This also led to the many native communities getting encumbered in long term poverty consequently ending up, formulating new ways of livelihood.
As a result of interactions, there were different bottlenecks experienced in the trade, as other businesses grew, which included fishing. Where the industry supported the fur trade as the main trade.
Drying as method of preservation of the sale product, enabled high volume of the sales supplied and intensified the journey in the Atlantic ocean where they too consumed the product on board.
While on voyage the sought good harbors, with ample characteristic were they could anchor their ship and alternatively they used them in drying the product for sale and acted socially as binding factor were they could relax and create contact with the people they meet in the region which further enhanced the trade.
The bearer coat or robes were priced by the European hat makers in the mid 16th century, where it acted as the looming fur business mean of exchange, which acted as the value of trade final settlement.
As The Business Grew:
The monopolies the natives acted as the suppliers and the charters also required payment of the annual return, which came as a form of taxes, which was used in governing by the administration, by the government of the day, in its different different function of administration like military expenditures and also in convincing the people from there mother land to occupy the sparsely populated areas of the new France.
The Monopoly Business:
The monopoly business essentially faced competition due to lack of the licences that to entry of other traders in the 17th century. The entry of new market player enhanced creation of news contact and this resulted to the use of a similar currency which was trade independent edge over the bureaucratic monopolies as the competition of the market continued.