Class Notes (835,008)
Canada (508,866)
Economics (1,614)
ECON 2K03 (28)
Lecture

Econ 2k03 4.docx

4 Pages
186 Views
Unlock Document

Department
Economics
Course
ECON 2K03
Professor
Hannah Holmes
Semester
Winter

Description
New France Jacques Cartier -north west passage seeker to indies - claimed land for French in quebec in 1534 by planting a cross - 1535 sailed the st lawerance river and visited two aboriginal settlements: Stadacona (Quebec City) and Hochelaga (Montreal) - 1550 fishers made contact with natives and took back furs to france - in 1580’s fishers left fishing for the fur trade - in 1608 Samuel Champlain erected a habitation(put up a building) in Quebec City - Champlain wanted to find passage to indies as well - at the settlement in quebec city met economic demands: go out find the furs… become close with native suppliers and try to get the right of exploitation. Fur Trade - beaver for hats - the French needed the natives to provide these materials - fashion changed in Europe: wider rims on hat increased beaver material - originally Europe got beaver from Russia but due to over hunting the beaver was non-existent which made Canada a success - for the next 250 years of expansion in Canada was because of the pursuit of fur - fur trade couldn’t have existed without the natives - the French formed an alliance with the huron which is the enemy of the Iroquois - New France largely empty so when Champlain came the huron were most powerful in the region - In 1613 the dutch established new Amsterdam (new york city) - Then they Established trading post in Albany - The dutch and Iroquois got together just like the French and huron Characteristics: - Demand and supply of fur were unpredictable and highly volatile - Inelastic price demand and supply - European merchants wanted some control: bargain for exclusive rights with natives, they would then control the supply of furs shipped to Europe - They also thought about restricting access of things to trade to natives for furs, or some merchants would approach the governement - Expanded over a large area o Once you depleted one forest had to move on o Farther west the greater the cost.. total cost didn’t increase that much though because furs were high value low bulk - High value, low bulk o Small quantity of furs was worth high value Burch Bart canoe: big development during fur trade • Settlement left to private companies • Companies got subsidies from gov • Private interests and Crown interests not always the same • King gave fur people monopolies to get fur in certain regions • If you wanted the right to establish had to establish settlement and missionary work • A lot of times the companies who were supposed to settle would go trapping instead of building homes • No economic reason for colony to grow • Reason being that the fur trade didn’t need a large French population • Clearing the land was hard work • French clash with Iroquois: wasn’t very safe • Crops grown in new france weren’t exportable 1649-1670 in New France - change began - entry of new player in fur trade: 500 Coureurs de bois (independent of chartered fur trade companies catching fur) - the gov. came down hard on these independents for immorale practices of catching beaver - harder now to regulate supply - nothing stopped the coureurs… headed west to beat the native middlemen - fewer natives brought back furs after the introduction of the coureurs - colonial merchants went on to hire the coureurs to stay on in business - 1649 Iroquois attacked the Huron and ended their dominance of the fur trade - Iroquois didn’t take a dominate role after knocking of the Huron - French then took the role themselves and began catching - 1663 France no longer monopoly on fur but made new france a royal colony and in charge of the colony was the minister of marine named Colbert - in short run France supported immigration to the colony and population grew by 4400 to 7000 - immigrants were subsidized to come to new france…. High subsidization for women and those with certain skills (carpenter) - Colbert had two principle policies o 1. Religious presence had to be kept under control o 2. Integrate new france into french empire -
More Less

Related notes for ECON 2K03

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit