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By the early 19th century, several companies established strings of fur trading posts and forts across North America. As well, the North-West Mounted Police established local headquarters at various points such as Calgary where the HBC soon set up a store.
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 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.).
Eventually, traders began using various foreign coins as stores of value. In order to trade with Indigenous peoples, the HBC standardized the unit of account as the made beaver, or one high quality beaver skin. In 1795, a made beaver could buy eight knives, one kettle, or a gun could be purchased with 10 made beaver pelts. [2]
The Snake River Trading Post is a reconstructed fur trade post on the Snake River west of Pine City, Minnesota, United States.The post was established in the fall of 1804 by John Sayer, a partner in the North West Company, and built by his crew of voyageurs.
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