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Modern fur trapping and trading in North America is part of a wider $15 billion global fur industry where wild animal pelts make up only 15 percent of total fur output. In 2008, the global recession hit the fur industry and trappers especially hard with greatly depressed fur prices thanks to a drop in the sale of expensive fur coats and hats.
The fur trade began to significantly decline starting in the 1830s, following changing attitudes and fashions in Europe and America which no longer centered around certain articles of clothing as much such as beaver skin hats, which had fueled the growing demand for furs, driving the creation and expansion of the fur trade in the 17th and 18th ...
Beaver fur has long been used in making muffs, stoles, collars, trimmings, and felt for hats. [4] The American beaver scores a 90/100 on the Austin Fur Durability chart [5] making it practical for utilitarian items such as linings. In the 21st century beaver is considered a premium fur and is often seen as very attractive to designers.
Cheaper alternatives were pelts of wolf, Persian lamb or muskrat. It was common for ladies to wear a matching hat. In the 1950s, a must-have type of fur was the mutation fur (naturally nuanced colours) and fur trimmings on a coat that were beaver, lamb fur, Astrakhan and mink. [7] In 1970, Germany was the world's largest fur market.
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Now a fully independent international merchant, Astor began to fund trading voyages to China along with several partners. Cargoes often amounted to $150,000 (equivalent to about $4 million in 2023) in such as otter and beaver pelts, in addition to needed specie. Astor ordered the construction of the Beaver in 1803 to expand his trade fleet. [10]
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