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. Along with other animal products; and fishing among the natives and the merchants.
Furthermore, 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 and Trade:
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.
Moreover, 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.
On the other had, due to passage of time, there was change of preferences. Along with new development in fashion that 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. As well as 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 it 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. This was where they too consumed the product on board.
However, 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 the final settlement.
As The Trade Business Grew:
Nonetheless, the monopolies the natives acted as the suppliers. The charters also required payment of the annual return that 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. Also, in convincing the people from there mother land to occupy the sparsely populated areas of the new France.
The Monopoly Business:
However, 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. 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.
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