USA HISTORY

Detailed explanation-1: -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-2: -Beaver pelts were in the greatest demand, but other animals such as mink, muskrat, fox and sable marten were also trapped. In the 1830s, when beaver lost its value as a staple fur, HBC maintained a profitable trade emphasizing fancy fur. Although the fur trade continues today, HBC is no longer in the fur business.

Detailed explanation-3: -The major trade goods were woollen blankets, cotton and linen cloth, metal goods, firearms and fishing gear. Tobacco, alcohol, trade jewellery and other luxury items accounted for only ten percent of the goods traded. The fur traders received far more than furs from Native people.

Detailed explanation-4: -The French and British often competed in the fur trade. Although New France often lost money, the French did not want to lose the fur trade to their imperial rivals, the English. The French, who had far fewer colonists than the English, created and maintained an amicable relationship with the Native Americans.

Detailed explanation-5: -The Native Americans provided skins, hides, food, knowledge, and other crucial materials and supplies, while the settlers traded beads and other types of currency (also known as “wampum”) in exchange for these goods.