Grade 10 Economy French Flashcards
What was the first economic activity practiced by the Europeans under the French rule?
Fishing
What was the main economic activity that enriched the mother country?
Fur trade
Which economic activity was most widely practiced in New France?
Agriculture
What is mercantilism?
It was the European economic theory that stated the more gold and silver you accumulate the more powerful your country is. The French believed in this economic theory.
How did mercantilism affect the colonies of France?
Due to its mercantilist beliefs, France concentrated too much on making money through the Fur trade and did not prioritize settlement. Therefore the population remained low.
How did Jean Talon attempt to diversify the economy and was he successful
He tried to create breweries and shipyards. No he was not very successful as the fur trade remained the largest exported good.
Why were the Ohio Valley and the Hudsons Bay regions considered valuable
Ohio Valley was had a great strategic location and access to waters ways for transport as did the Hudson`s Bay Area.
Also they were valuable for the fur trade.
How did Jean Talon attempt to diversify the economy and was he successful?
He tried to create breweries and shipyards. No he was not very successful as the fur trade remained the largest exported good.
Why were the Ohio Valley and the Hudson’s Bay regions considered valuable?
Ohio Valley was had a great strategic location and access to waters ways for transport as did the Hudson`s Bay Area.
Also they were valuable for the fur trade.
What was the Beaver Crisis?
It was when there were too many beaver pelts on the market, they were over hunted, and this decreased their value. The King from that point on will issue a “permit” system whereby everyone needed to have a special license to hunt.
