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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]
They wanted goods such as metal knives and axes. Rather than use a barter system, the fur traders established the made beaver (representing a single beaver pelt) as the standard currency, and created a price list for goods: 5 pounds of sugar cost 1 beaver pelt; 2 scissors cost 1 beaver pelt; 20 fish hooks cost 1 beaver pelt
Harold Innis begins The Fur Trade in Canada with a brief chapter on the beaver which became a much desired fur due to the popularity of the beaver hat in European society. [1] He remarks that it is impossible to understand the developments of the fur trade, or of Canadian history, without some knowledge of the beaver's life and habits. [4]
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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.
The Champlins expanded into knife production, and along with William R. Case and his brothers, they formed Cattaraugus Cutlery in 1886, based in Little Valley. The company hired expert cutlers from Germany, England, and other U.S. manufacturers, to produce high quality cutlery, and purchased knife-making equipment from the defunct Beaver Falls ...
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