USA HISTORY

SETTLING NORTH AMERICA 1497 1732

COLONIES OF FRANCE ENGLAND

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The French and Dutch wanted to start colonies in America in order to profit from the fur trade. If the demand for fur is high and the supply of the fur is low, what happens to the cost/price of the fur?
A
The price of fur will increase
B
The price of fur will decrease
C
The price of fur will stay the same
D
the fur traders will stop trading the fur
Explanation: 

Detailed explanation-1: -French and Dutch colonization in the Americans focused on the profitable fur trade. Depending on Native Americans to hunt animals for their pelts, French and Dutch colonizers cultivated friendly relationships with Native Americans through intermarriage and military alliances.

Detailed explanation-2: -Fur Fervor France focused its attention on establishing commercially viable trading posts in the New World to supply Europe with its seemingly never-ending demand for furs. To this end, France fostered good relationships with Native Americans, and built on mutual benefits of the trade of beaver furs for French goods.

Detailed explanation-3: -Both colonies were primarily trading posts for furs. While they failed to attract many colonists from their respective home countries, these outposts nonetheless intensified imperial rivalries in North America. Both the Dutch and the French relied on native peoples to harvest the pelts that proved profitable in Europe.

Detailed explanation-4: -The French, Dutch, and English began to make headway as they landed in the Americas and created settlements. Their goal, like many others, was to find gold, silver, and fur as well as create colonies of new lands that they claimed for their countries.

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