4: Competition for Trade Flashcards
What was the foundation of the economy discussed?
The Fur Trade
The fur trade involved various groups including First Nations, Inuit, Métis, French, and English adventurers.
Who were the main participants in the fur trade?
First Nations, Inuit, Métis, French and English adventurers
These groups worked together in the fur trade.
What did the First Nations peoples value that came from Europe?
Metal goods
These included pots, knives, axes, copper wire, and other durable tools.
What materials were the First Nations’ tools made of before trading?
Stone or wood
The tools made by First Nations peoples were not as durable as those received from Europeans.
Name some goods that First Nations traded for.
Blankets, cloth, and thread
These were additional items sought by First Nations peoples in trade.
What type of animals did Europeans want from the First Nations?
Marten, otter, beaver
These furs were highly valued in Europe.
Fill in the blank: The fur trade was a partnership between European traders and _______.
First Nations hunters and trappers
True or False: The First Nations peoples relied solely on their own tools and did not trade with Europeans.
False
They traded for stronger and more durable goods from Europeans.
What is the exchange of goods called?
Barter
The barter system involves trading goods directly without the use of money.
What items did trading parties carry in the barter system?
- Corn
- Tobacco
- Copper
- Pottery
- Many other goods
These items were traded over long distances among trading parties.
How long had First Nations been trading among themselves?
Hundreds of years
This indicates a long-standing tradition of trade among First Nations.
What was a common practice before trade began among trading parties?
Resting for a bit
This practice helped establish feelings of respect and trust.
What was exchanged to establish respect and trust with hosts?
Gifts and the peace pipe
Sharing the peace pipe was a significant gesture in establishing harmony.
What was offered throughout Eastern North America to honor new friends?
Wampum (strings of shells)
Wampum was used as a ceremonial gift to create harmony.
Who adopted the barter system upon their arrival in North America?
The French
The French adapted to the existing trade practices of the First Nations.
What was the nature of the fur trade?
A partnership between European traders and First Nations trappers
The fur trade involved collaboration to exchange furs for goods.
Did European traders and First Nations benefit equally from the fur trade?
No, European traders were paid about 10 times more for pelts than they paid for goods
This significant markup ensured healthy profits for European traders.
Who were the three major groups involved in the fur trade?
First Nations, merchants, coureurs de bois
Each group played a distinct role in the fur trade process.
What activities did First Nations men and women engage in during the winter?
Men hunted and trapped animals; women skinned and prepared pelts
This division of labor was crucial for the fur trade.
What did First Nations do in the spring related to the fur trade?
Loaded bark canoes with furs and traveled to trading posts
This was part of the trading process to exchange furs for goods.
What role did merchants play in the fur trade?
Financed and organized the trade, purchasing goods in Europe and shipping them to Canada
Merchants were essential for the logistics of the fur trade.
What does the term ‘coureurs de bois’ mean?
Runners of the woods
These were French traders who ventured into the wilderness for trade.
What was the primary activity of coureurs de bois?
Paddled canoes into the wilderness to trade for furs
Their adventurous spirit was a key part of the fur trade history.
True or False: Coureurs de bois were known for their reliance on First Nations for trade.
True
They depended on First Nations knowledge and networks for successful trading.