Sage-Tips

How did the Hudson Bay Company influence Aboriginal and European trade?

The fur trade had a great impact upon Indigenous peoples. As a result of their involvement in the fur trade, many abandoned their traditional lifestyles and economy, and became reliant on European manufactured goods and foodstuffs for survival.

What did the aboriginals trade with the Europeans?

The fur trade was based on good relationships between the First Nations peoples and the European traders. First Nations people gathered furs and brought them to posts to trade for textiles, tools, guns, and other goods. This exchange of goods for other items is called the barter system.

What was the impact of the Hudson’s Bay Company?

The resulting Company was the most powerful fur trading entity in the world, spanning the continent from sea to sea to sea. HBC gained the North West Company’s most valuable resource, its traders and voyageurs, as well as rich new areas beyond the Rockies and in the far north.

How did the European explorers encourage fur trade with the Indigenous peoples?

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.

What did the Hudson Bay Company trade?

They travelled by canoe and on foot to the forts to sell their pelts. In exchange they typically received popular trade-goods such as knives, kettles, beads, needles, and the Hudson’s Bay point blanket.

What did they trade in the fur trade?

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.

What did the Europeans trade with?

European traders traded guns, cloth, rum, salt, and other goods. Guns had the biggest impact on Africa because they gave West African villages a way to protect themselves and caused villages to capture and enslave others to trade for guns. People who were captured as slaves faced a terrible journey.

What did the European explorers trade?

Early Trade The first Europeans to purchase furs from Indians were French and English fishermen who, during the 1500s, fished off the coast of northeastern Canada and occasionally traded with the Indians. In exchange, the Indians received European-manufactured goods such as guns, metal cooking utensils, and cloth.

How did the fur trade affect indigenous peoples?

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.

How did European trade goods impact native societies?

Europeans needed workers to help build houses and clear fields. They soon realized that they could offer trade goods like tools and weapons to certain American Indian tribes that would bring them other Indians captured in tribal wars. These captured Indians were bought and sold as slaves.

What did Europe trade on the Silk Road?

Eastern Europe imported rice, cotton, woolen and silk fabrics from Central Asia and exported considerable volumes of skins, furs, fur animals, bark for skin processing, cattle and slaves to Khoresm. Northern Europe was the source of furs, skins, honey and slaves.