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The United States Government Fur Trade Factory System was a system of government non-profit trading with Native Americans that existed between 1795 and 1822.. The factory system was set up on the initiative of George Washington who thought it would neutralize the influence of British traders doing business on United States territory.
By 1830, the AFC had nearly complete control of the fur trade in the United States. The company's time at the top of America's business world was short-lived. Sensing the eventual decline of fur's popularity in fashion, John Jacob Astor withdrew from the company in 1834. The company split into smaller entities like the Pacific Fur Company.
The American Fur Trade of the Far West: A History of the Pioneer Trading Posts and Early Fur Companies of the Missouri Valley and the Rocky Mountains and the Overland Commerce with Santa Fe. 2 vols. (1902). full text online; Dolin, Eric Jay (2010). Fur, Fortune, and Empire: The Epic History of the Fur Trade in America (1st ed.).
Sulphur Fork Factory, Arkansas; Fur trade factory: Constructed: 1818: Built for: United States Office of Indian Trade: Location: At the confluence of Sulphur River and Red River of the South in Miller County, Arkansas: Factors: John Fowler 1818-1820 Larkin Edwards (Acting) 1820-1821 William McClellan 1821-1822: Closed: 1822: Buildings abandoned ...
The fur trade is the worldwide buying and selling of fur for clothing and other purposes. The fur trade was one of the driving forces of exploration of North America and the Russian Far East. [37] The fur trade has long-lasting effects, specifically on the Natives in North America and the populations of fur bearing animals worldwide.
During his forty years in the fur trade Larpenteur diligently kept a diary, using it as a source to complement his memory when he wrote his memoir. Unable to finance publication of the memoir, he sent the manuscript to Washington Matthews , a U.S. Army surgeon he had known at Fort Buford.
The fort was a major center of the regional fur trading. Every year trade goods and supplies from London arrived either via ships sailing to the Pacific Ocean or overland from Hudson Bay via the York Factory Express. Supplies and trade goods were exchanged with a plethora of Indigenous cultures for fur pelts.
By 1810, another crisis hit the fur industry, brought on by the over-harvesting of animals, the North American beaver in particular. The destruction of the North West Company post at Sault Ste. Marie by the Americans during the War of 1812 was a serious blow during an already difficult time.