ECON 2420 Chapter Notes - Chapter 3: Capital Accumulation, Decision-Making, Jean-Baptiste Colbert

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A history of the canadian economy chapter 3: new france. New france was a small center of settlement throughout its existence and, for the first 50 years was little more than a trading post. At the time of the conquest by the british in 1759: specie was scarce, capital accumulation was limited, the range of production fell far short of that of the english colonies in the south. Throughout its existence the colony of new france was dependent on staples: the fur trade, especially the beaver trade dominated commercial, efforts later were made to diversify exports, and a rising population. Early fur trade and new france to 1649 did allow some economic diversification transactions from the colony"s beginning to its end that continued contact didn"t lead to any efforts of settlement. Initially both instability in europe caused by the wars of the reformation and the absence of sufficient economic incentive in the st. lawrence region meant.

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