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2 scissors cost 1 beaver pelt; 20 fish hooks cost 1 beaver pelt; 1 pair of shoes cost 1 beaver pelt; 1 gun cost 12 beaver pelts; Examples of Hudson's Bay Company tokens used c. 1854, representing one made beaver along with fractional values. Other animal furs were convertible into beaver pelts at a standard rate as well, so this created a ...
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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]
A Hudson's Bay point blanket is a type of wool blanket traded by the Hudson's Bay Company (HBC) in British North America, now Canada and the United States, from 1779 to present. [1] The blankets were typically traded to First Nations in exchange for beaver pelts as an important part of the North American fur trade.
After the arrival of the first European traders in the 17th century, the economy centred on the trade of beaver pelts and other furs. [6] Diversification of the economy came when Lord Selkirk brought the first agricultural settlers in 1811, [ 7 ] though the triumph of the Hudson's Bay Company (HBC) over its competitors ensured the primacy of ...
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Hudson's Bay Company tokens. The Hudson's Bay Company tokens represented the unit of currency used in the fur trade for many decades. The largest—one "Made Beaver"—was equal in value to the skin on an adult male beaver in good condition. Smaller sizes represented one-half, one-quarter, and one-eighth of a Made-Beaver.
A fur trader in Fort Chipewyan, Northwest Territories, in the 1890s A fur shop in Tallinn, Estonia, in 2019 Fur muff manufacturer's 1949 advertisement. The fur trade is a worldwide industry dealing in the acquisition and sale of animal fur.