Why Did The Decline Of The Fur Trade

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The fur trade was a major part of the development of Canada, beginning in the 1500’s. The fur trade was prosperous until the mid 1800’s. The fur trade was mainly sustained by the demand Europeans had for felt hats. Due to the popularity and over trapping during the fur trade, fur-bearing animals became scarce, this was one reason for the decline of the fur trade. Between 1715 and the Seven Years War the fur trade had expanded and served multiple purposes economical, political,and scientific. The fur trade greatly impacted the First Nations people in different ways.
During the fur trade there were two rival fur trading companies. There was The Hudson Bay Company and The Northwest Company. The Hudson’s Bay Company was created in 1670 and the