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By this time, however, the fur trade was in decline, both on the coast and the continent, due to a general depletion of fur-bearing animals, along with a reduction in the demand for beaver pelts. A financial panic in 1837 resulted in a general slump in the fur and China trade, bringing an end to a half-century boom.
The maritime fur trade was a major aspect of the Old China Trade, as was illegal trafficking in opium. The trade era overlapped the First Opium War , which resulted from an attempt by China to enforce its prohibition on opium smuggling by Western traders and blockade-runners.
A fur trader in Fort Chipewyan, Northwest Territories, in the 1890s A fur shop in Tallinn, Estonia, in 2019 Fur muff manufacturer's 1949 advertisement. The fur trade is a worldwide industry dealing in the acquisition and sale of animal fur.
The vessel was outfitted for another journey to China and then was sold to German-American entrepreneur John Jacob Astor. Included within his intricate plans to assume control over portions of the lucrative North American fur trade, the ship was intended to establish and supply trading outposts on the Pacific Northwest coast. Valuable animal ...
An investigation by three animal protection groups into the Chinese fur trade in 2004 and part of 2005 asserts approximately 1.5 million common raccoon dogs are raised for fur in China. [46] The common raccoon dog comprises 11% of all animals hunted in Japan. [47] Twenty percent of domestically produced fur in Russia is from the common raccoon dog.
China has been reported as the biggest fur-producing nation, and the second largest producer next to Europe. [59] [60] Nordic fur industries had reportedly played a key role in expanding fur farming in China. [61] Prof. Peter Li said in 2012 that fur animals were sometimes beaten to death with sticks on small farms or skinned alive. [1]
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King's practical suggestions in A Voyage to the Pacific Ocean of the possibilities of a fur trade between the Northwest Coast and China and Japan revealed the riches to be gained from this trade: The Russian merchants have a still larger profit upon the furs at Kiachta, on the frontiers of China, which is the great market for them. The best sea ...