HIST113 Lecture Notes - Lecture 3: Seigneurial System Of New France, Mercantilism
15 Feb 2017
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Document Summary
Importance of agriculture to economic and business development. New france becomes a royal province 1663. Colony to serve the interests of france (economic) Mercantilism : economic policy of european powers, objective is to create a self-suf cient and wealthy empire, colonies are to supply raw materials to mother country and to act as a market for manufactured goods. Impact on economy and business of new france. Based on the shipment of resources to france and other colonies. Fur trade dominates: 70% of exports most years. Agriculture is dominant activity of many people: small % of export income. New france dependent on france for many products: de cit trade balance most years. Vibrant trade existed between nf, france and other colonies. Merchant communities/networks controlled and pro ted from the trade: inter-connected by ties of kinship. A merchants son is likely to also be a merchant. Import/export business headed by french merchants with agents in the colonies.
