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Q: What American business had a monopoly on the fur trade in the far west?
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What was the purpose of the Triangle Trade?

to trade goods that are not available to them for money. The slaves came from the West Indies. Europe, Africa,England, and the new England were involved.


How did the Atlantic slave trade disrupt the west African economy?

people was ratchet back then


How was trade important to the economic development of western Europe the united States and japan during the postwar decades?

The trade development of West Europe and Japan in the postwar decades were the flexible labor force. They got more inventory to trade.


How was the slave trade important to the west African economy?

The market for West African slaves in creased as Muslim traders bought or seized black Africans to sell in north Africa.


What are the five phases of the fur trade about?

Phase 1: 1500 - 1603 The fur trade began with the cod fishery. The First Nations started to trade with the Europeans coming to fish around the Maritimes and Labrador. After many attempts, Jacques Cartier successfully traded with the Stadacona. Cartier's crew traded everything they had. This trade benefitted both Cartier and the Stadacona. Phase 2: 1603 - 1670 During this time period, France dominated the Fur Trade. Also, New France was established. The French, Mi'kmaq, Kichespirini, Ouendat, and Innu were partners in the fur trade. However, later in this time period, the French - Haudenosaunee war began. The Haudenosaunee got support from the Dutch and British, and the British used this power to dominate the fur trade, which was in France's hands. The Haudenosaunee and their allies defeated the French and their allies in 1649, and actions were taken to force the Haudenosaunee to seek a truce in 1701. Catholic missionaries came to convert the First Nations to convert them to their religion. Hunting and trapping began to make the population of the beaver and game animals less. Phase 3: 1670 - 1760 The British (now in control of the fur trade) made the Hudson's Bay Company in 1670. Then, the British offered a group of merchants a monopoly for trade for Rupert's Land. After the Ouendat were defeated by the Haudenosaunee, the French used the Great Lakes to establish forts and they hired men to make the canoe trips between its settlements along the St. Lawrence River, and the forts and checkpoints. The voyageurs were very important to the French fur trade. A new race was born when the French men married Aboriginal women, the Métis. Phase 4: 1760 - 1821 New France became a British colony in 1763. The North West Company was formed. The North West Company was a fur trading business headquartered in Montreal from 1779 to 1821. It competed with increasing success against the Hudson's Bay Company in what was to become Western Canada. When trading pemmican became popular, territorial expansions occurred. The Métis people developed a culture at Red River, and missionaries established contact with First Nations in the West. Phase 5: 1821 - 1870 The Hudson's Bay Company and the North West Company merged, because with great wealth at stake, tensions between the companies increased to the point where several minor armed skirmishes broke out, and the two companies were forced to merge. The HBC began to lose their monopoly, and the trade began to decline in the west. The British helped the HBC sell Rupert's Land to Canada (then very small) in 1869.

Related questions

Which UK Ports benefited most from the Slave Trade?

London had a monopoly on the slave trade until the late 17th century. From then on Liverpool in the North West and Bristol in the South West were the two ports most heavily involved


How did Spanish discourage American settlement in the west?

By forbidding American trade at the New Orleans port


What has the author PT Bauer written?

P.T Bauer has written: 'West African Trade, A Study of Competition, Oligopoly and Monopoly in a Changing Economy'


How long did the fur trade last in the American west?

5 yrs.


By the 1760s a substantial percentage of American exports involved trade with?

the West Indies.


By 1760 a substantial percentage of American exports involved trade with?

west indes


Where did the Dutch trade beaver furs?

The Dutch West India Company had a monopoly on beaver fur from their trading depot at Fort Orange (what is now Albany) from 1624-1664.


Why is West Africa significant for African-american history?

West Africa is significant for African-American history because of the slave trade. Most slaves arriving in America were from West and Central Africa.


When did Tiger Aircraft an American aircraft manufacturer based in Martinsburg West Virginia go out of business?

Tiger Aircraft, the American aircraft manufacturer once based in Martinsburg West Virginia went out of business in 2006 due to bankruptcy.


How did people in the 1840 view the American west?

As a new beginning to start business and farming.


How did people in the 1840s view the American west?

As a new beginning to start business and farming.


Why did American business leaders support the Burlingame Treaty in 1868?

They wanted cheap labor in the West.