USA HISTORY

Detailed explanation-1: -The fur trade provided Indigenous peoples with European goods that they could use for gift-giving ceremonies, to improve their social status and to go to war. The French forged military alliances with their Indigenous allies in order to maintain good trade and social relations.

Detailed explanation-2: -The fur trade drove European exploration and colonization. It helped to build Canada and make it wealthy. Nations fought each other for this wealth. But in many instances, the fur trade helped foster relatively peaceful relations between Indigenous people and European colonists.

Detailed explanation-3: -The fur trade resulted in many long term effects that negatively impacted Native people throughout North America, such as starvation due to severely depleted food resources, dependence on European and Anglo-American goods, and negative impacts from the introduction of alcohol-which was often exchanged for furs.

Detailed explanation-4: -Alongside their fishing and fish preservation activities, they developed trading relations with the Aboriginal peoples. Copper cauldrons, iron knives, axes and arrowheads, glass beads, mirrors and clothing were traded in exchange for the Aboriginal peoples’ beaver pelts, which were used in Europe to make felt hats.

Detailed explanation-5: -The first firms to participate in the fur trade were French, and under French rule the trade spread along the St. Lawrence and Ottawa Rivers, and down the Mississippi. In the seventeenth century, following the Dutch, the English developed a trade through Albany.