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the Fur Trade and Hudson's Bay Company
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The Fur Trade Expands (and then slows down again)

 

One of the first to realize the potential of trade in North America was Samuel de Champlain. In 1603, he made his first trip to North America. He returned several years later to establish a permanent settlement. He wanted to bring many more people to settle in Canada. The King of France gave him permission to do so, but in return Champlain was told to develop the fur trade.

First public sale of furs
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First public sale of furs

It was not long before the English also saw how much money could be made in the fur trade. The competition between England and France became fierce. They both wanted to be in control of the land and its resources. The English and the French were soon sending shiploads of beaver pelts back to Europe.

Defeat of the Iroquois at L. Champlain
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Defeat of the Iroquois at L. Champlain

Competition in the fur trade helped spark fighting between First Nations tribes. The Iroquois would ambush the Huron traders who were bringing furs to Quebec. As a result, the fur trade almost came to a stop.

Did you know?
The French chose to fight on the side of the Huron in a battle in 1609. Chaplain shot two Iroquois chiefs, and another Frenchman shot a third. This started a war with the Iroquois - a war that lasted 90 years.

Biographies:
Samuel de Champlain
Madelaine de Vercheres

Related Stories:
Aboriginal Peoples
Daughters of the King

Ask yourself...
Why did the English want to fight the French in North America?

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