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The 1840s saw a rise in the bison trade as the beaver trade begin to decline. [86] Many Métis adapted to this new economic opportunity. This change of trade item made it harder for Métis to operate within companies like the HBC, but this made them welcome allies of the Americans who wanted to push the British to the Canada–U.S. border.
Now a fully independent international merchant, Astor began to fund trading voyages to China along with several partners. Cargoes often amounted to $150,000 (equivalent to about $4 million in 2023) in such as otter and beaver pelts, in addition to needed specie. Astor ordered the construction of the Beaver in 1803 to expand his trade fleet. [10]
Eventually, traders began using various foreign coins as stores of value. In order to trade with Indigenous peoples, the HBC standardized the unit of account as the made beaver, or one high quality beaver skin. In 1795, a made beaver could buy eight knives, one kettle, or a gun could be purchased with 10 made beaver pelts. [2]
The American Fur Trade of the Far West: A History of the Pioneer Trading Posts and Early Fur Companies of the Missouri Valley and the Rocky Mountains and the Overland Commerce with Santa Fe. 2 vols. (1902). full text online; Dolin, Eric Jay (2010). Fur, Fortune, and Empire: The Epic History of the Fur Trade in America (1st ed.).
The term Native American Trade in this context describes the people involved in the trade. The products involved varied by region and era. In most of Canada, the term is synonymous with the fur trade , since fur for making beaver hats was by far the most valuable product of the trade, from the European point of view.
The Fur Trade in Canada: An Introduction to Canadian Economic History is a book written by Harold Innis covering the fur trade era in Canada from the early 16th century to the 1920s. First published in 1930, it comprehensively documents the history of fur trading while extending Innis's analysis of the economic and social implications of Canada ...
You end up in the history books -- for all the wrong reasons. On the 40th anniversary of Kareem Abdul-Jabbar being shipped to the Los Angeles Lakers for relative peanuts, we've ranked the top 20 ...
Beaver pelts caused or contributed to the Beaver Wars, King William's War, and the French and Indian War; the trade made John Jacob Astor and the owners of the North West Company very wealthy. For Europeans in North America, the fur trade was a driver of the exploration and westward exploration on the continent and contact with native peoples ...