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Economy in New France

Economy in New France. Katie, Sarah, Laura, Megan, Emily, Alyssa. Question. Did France establish a successful economy in New France?. Origin :. Company of 100 associates. They were 100 french investors to colonize new france

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Economy in New France

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  1. Economy in New France • Katie, Sarah, Laura, Megan, Emily, Alyssa

  2. Question • Did France establish a successful economy in New France?

  3. Origin : Company of 100 associates • They were 100 french investors to colonize new france • Maintained the clergy and paid soldiers for defense against the Iroquois • Each member contributed $9000 • This started New France's economy • New France got people into New France by having cheap land

  4. Support • France provided New france with supplies to trade in the fur trade, via the Atlantic crossing • Port Royal post was abandoned (French government created new trading post for fishing industry) • Champlain decided on Quebec because it was advantageous (lots of untouched land) this is where they made the habitants of Quebec trading post

  5. Mercantilism • Created by Colbert to improve France’s economy • Colonies like New France gather raw materials and send them to France (mother country) then France manufactures goods and sends products back to the colonies • In 1701, no furs were collected but France was forced to still pay the colony to keep it running • Therefore they couldn’t be very independent or improve their economy, but New France kept stability because of France

  6. The Seigneurial system • land was divided into strips • changed culture because people lived close to their neighbours • it was dependent on the Habitants which farmed and kept the land and the seigneur who owned the land and built the mill and roads • Habitants only produced enough food to live off of and rarely enough extra to sell • the system stifled the economy because there was no production or innovation

  7. Conclusion • The company of 100 associates started the economy strongly • The fur trade supported the economy greatly • Mercantilism kept stability but didn’t allow any independence or improvement • The Seigneurial system stifled the economy because there was no production or innovation • Successful but no improvement

  8. THE END

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