Economy in New France

1
Economy in New France

• Katie, Sarah, Laura, Megan, Emily, Alyssa

2
Question

• Did France establish a successful economy in New
  France?

3
Origin
Company of 100 associates

• 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

4
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

5
Mercantilism

• Created by Colbert to improve Frances 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 couldnt be very independent or
  improve their economy, but New France kept
  stability because of France

6
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

7
Conclusion

• The company of 100 associates started the economy
  strongly
• The fur trade supported the economy greatly
• Mercantilism kept stability but didnt allow any
  independence or improvement
• The Seigneurial system stifled the economy
  because there was no production or innovation
• Successful but no improvement

8
THE END