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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.
Native American trade refers to trade among the Indigenous people of North America and with European settlers. Trade with Europeans began before the colonial period, continuing through the 19th century and declining around 1937.
Its services are used by both large fur farms and small-time trappers. Its auctions are held three to four times a year in Toronto. It is the largest fur auction house in North America, and the second largest in the world. [1] In its May 2008 auction, NAFA handled nearly 3.5 million pelts.
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 ...
Map with many of the fur trading posts in Montana from 1807 to the early 1870s (map only approximately). The colours on the map show the different Indian territories as described in the first treaties between the Native American tribes in the area and the United States
Rendezvous held in the western part of what is now the United States included a more diverse range of activities than their northern counterparts. Such a rendezvous might include several fur trading companies, and array of fur traders and mountain men. [4] However, the majority of participants were Native American. [5]
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At the start of the 19th century, the North American fur trade was expanding toward present-day Montana from two directions. Representatives of British and Canadian fur trade companies, primarily the Hudson's Bay Company and the North West Company, pushed west and south from their stronghold on the Saskatchewan River, while American trappers and traders followed the trail of the Lewis and ...