Economy in New France

Katie, Sarah, Laura, Megan, Emily, Alyssa

Question

• Did France establish a successful economy in New

France?

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

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

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

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

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

THE END