We would like to trade with you, we will give you metal goods for LOTS of your fur.
When the First Nations had a deal to trade with the Europeans. The European fur traders were paid about 10 times more for the pelts than they paid for goods to trade.
Negative Impact 1
Thank you for the trade.
The French King controlled the fur trade and used the profits to benefit the colony. He appointed officials to carry out his plans.
Negative Impact 2
I'm going to spend all the money on my colony!
During the fur trade, the First Nations discovered alcohol, which lead them to become addicted. Also many of their villages were destroyed fighting for the furs.
Negative Impact 3
In 1670, the English king granted a charter for control of the fur trade to the privately owned Hudson's Bay Company. It had one goal: to make money. This affected the relationship between the English fur traders and the First Nations trappers.
Negative Impact 4
Hudson's Bay Company
When First Nations were trading fur, beavers was one of the main animals they hunted and killed. It got out of hand that the beavers almost went extinct.
Negative Impact 5
Starvation for the First Nations was becoming an issue. They were trusting the Europeans so much but realized in the end the trade wasn't fair as they weren't getting much in return.