USA HISTORY

Detailed explanation-1: -The French gave European goods to Indigenous people in exchange for beaver pelts. The fur trade was the most important industry in New France . With the money they made from furs, the French sent settlers to Canada. These were mainly traders and religious missionaries.

Detailed explanation-2: -These relations sustained the business of the fur trade. The French traded iron tools, kettles, wool blankets and other supplies for the furs to make hats, while Native peoples exchanged furs for goods from around the world.

Detailed explanation-3: -Origins. French explorer Jacques Cartier in his three voyages into the Gulf of Saint Lawrence in the 1530s and 1540s conducted some of the earliest fur trading between European and First Nations peoples associated with 16th century and later explorations in North America.

Detailed explanation-4: -During the early years of the fur trade, money was not used in exchange for furs and trade goods. Trade tokens, made of wood, ivory or shell, were the earliest used currency. The unit of value was based on the value of beaver pelts as they were the most sought after fur used in the hat-making industry.

Detailed explanation-5: -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.