![]() Exchange at first was haphazard and it was only in the late sixteenth century, when the wearing of beaver hats became fashionable, that firms were established who dealt exclusively in furs. ![]() ![]() Indians would trade the pelts of small animals, such as mink, for knives and other iron-based products, or for textiles. Lewis, Queen’s University IntroductionĪ commercial fur trade in North America grew out of the early contact between Indians and European fisherman who were netting cod on the Grand Banks off Newfoundland and on the Bay of Gaspé near Quebec. The Economic History of the Fur Trade: 1670 to 1870įrank D.
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