Economy in New France
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Transcript of Economy in New France
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Economy in New France
Katie, Sarah, Laura, Megan, Emily, Alyssa
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Question
• Did France establish a successful economy in New
France?
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Origin :
They were 100 french investors to colonize new france
Maintained the clergy and paid soldiers for defense against the Iroquois
Each member contributed $9000
This started New France's economy
New France got people into New France by having cheap land
Company of 100 associates
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Support
France provided New france with supplies to trade in the fur trade, via the Atlantic crossing
Port Royal post was abandoned (French government created new trading post for fishing industry)
Champlain decided on Quebec because it was advantageous (lots of untouched land) this is where they made the habitants of Quebec trading post
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Mercantilism
Created by Colbert to improve France’s economy
Colonies like New France gather raw materials and send them to France (mother country) then France manufactures goods and sends products back to the colonies
In 1701, no furs were collected but France was forced to still pay the colony to keep it running
Therefore they couldn’t be very independent or improve their economy, but New France kept stability because of France
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The Seigneurial system
land was divided into strips
changed culture because people lived close to their neighbours
it was dependent on the Habitants which farmed and kept the land and the seigneur who owned the land and built the mill and roads
Habitants only produced enough food to live off of and rarely enough extra to sell
the system stifled the economy because there was no production or innovation
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Conclusion
The company of 100 associates started the economy strongly
The fur trade supported the economy greatly
Mercantilism kept stability but didn’t allow any independence or improvement
The Seigneurial system stifled the economy because there was no production or innovation
Successful but no improvement
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