Question#02:
How did the environment of the American Fur Company change in the 1830’s? What deep historical forces are implicated in these changes?
The American Fur Company:
The American Fur Company was founded by John Jacob Astor in 1808. The company grew to monopolize the fur trade in the United States by 1830, and became one of the largest businesses in the country.
In early 1830’s it seemed nothing could slow Astor. But this environment suddenly changed for fur companies. Although the American Fur company was still competing with other Fur companies, unfavorable trends were building that would bring it down.
Factors Effecting Fur Companies Environment: A. Demand for beaver start falling due to change in fashion trend of beaver hat
…show more content…
By the Standards of Today:
By analyzing the treatment received by the stakeholders of the fur industry in the 19th century with the modern world standards, we come to know that they were treated highly unethically.
As they crushed the competition and exploited the workers monopolize the markets so these all thing are highly unethical according to the today’s standards and there are proper laws regarding these unethical activities and whoever performs such activities are charged with fines and punishments.
Question#05: On balance, is the legacy of the American fur company and of the fur trade itself a positive legacy? Or is the impact predominantly negative?
American Fur Company and the Fur trade itself is a sort of positive legacy with all its faults and shortcomings. It was in fact the main actor in the global industry with enormous geopolitical power. It marked the trails that were followed by the settlers. It is very true to say that American Fur Company and the Fur trades were the pathfinder of the civilization. “Civilization which was slowly mastering the opposition of nature and barbarism” the trading posts build by them were later appeared thriving towns and cities. They were the pioneers of many business models like capitalism applied in this modern world globally. The Fur business expanded because of the innovative and critical thinking of its owner. Even with all such advantages and
Aboriginal women had occupied an essential position in the fur trade of the North American region from its birth during the 17th and 18th centuries. Even though this is true, the role of women, especially those of the Native American society, has been ignored a great deal in the entire history of fur trade. Contrary to the belief that the whole fur trade activity was only male-dominated, it very much depended upon Native women and their participation and labor in order to ensure survival as well as economic success. This paper will attempt to illuminate how Native women played the role as important producers when it comes to fur trade of the American Plains and, of course, the Canadian region. This paper will also deal with the two
According to Peggy Baker, of the Pilgrim Hall Museum, the fur trade between the Pilgrims and the Native Americans began sometime around 1625. The Pilgrims were in enormous debt with investors in Europe and needed money to repay this debt. They knew that one of the best ways to make the money was through fur trade and they knew the best furs to trade were beaver furs. However, the beavers were in Maine with the American Indians. Hence, the Pilgrims began the fur trade with the Native Americans. The Native Americans would hunt the beaver and trade the fur with Europeans for goods such as grain, cooking pots, tools, clothing, and blankets. As the fur trade continued throughout America, the impact on the Native Americans began.
The fur trade was a significant part of Canadian history. With the founding of the Hudson's Bay and Northwest Company during the1670's, the fur trade managed growth and development all the way into Western Canada until 1870. The fur trade was unique, for it was the only industry that was based on an exchange of goods between two very different groups of people (namely, the Indians and the Europeans). Although most people think of the fur trade as being a male dominated industry, Indian women also played very important roles in the industry's development. However, the women's experiences differed in relation to
Fur trade between the French and Indians began with the exchange of small items the Indians didn’t have, though it became an important trade source for all of Europe, especially by Samuel de Champlain
Until the late nineteenth century, the United States was still an agrarian community. As factories sprouted to process the products obtained from agriculture and to manufacture farm equipment, there rose
* Which industry sparked the New England economy at the end of the 17th century? Who was unhappy with the success of that industry, and why?
In the late 1800’s America’s industry was on the rise, in this completely new era many factories were born and introduced to the American people. Many people also had to help build railways as well as many other ways to help transport or make goods, this would help build industrial America. But many people would face crucial conditions working in factory, it was unsafe for many people, even some young children who had to work faced a lot of injuries. Not only this, but many people would be out of work because the factories were taking over the work force. One of the most successful people in this time period was John D. Rockefeller, he owned 90% of refineries in America, he made his living by selling, transporting, and refining oil.
The Northern states had the pleasure of discovering abundant resources of coal. In addition, Richmond faced difficulties because of their existence on the margins of a plantation economy. Even though this was the nation’s first mine, it had various disadvantages that would not let it compete on an industrious scale. In the following paragraph, I will discuss how the South had a secret hand in textile mills within the United States.
American textile manufactures were at an advantage compared to British manufactures, and they were very successful. America persuaded Britain to prohibit the export of textile machinery and the emigration of mechanics. Yet, still many British mechanics migrated over to the United States because they were lured by the higher wages. In competing the British mills, America had the advantage of an abundance of natural resources. America’s farmers were able to produce large amounts of cotton and wool, and they had fast flowing rivers that provided good
In the late 1700’s and early 1800’s the United States was in a transformation from the Jeffersonian vision of an agricultural nation, into Alexander Hamilton’s vision of an industrial America. The book Sam Patch, the Famous Jumper gives a good idea of what America was like during the Early Republic period. The industrial life would turn America into a country that is dependent on the work of manufactories.
2.During the years 1860-1890, Michigan's commercial development was dominated by the sawing, harvesting, milling and marketing of timber. Michigan politicians (under the influence of the state's Lumber Barons) fought hard to stop a bill that would have allowed Canadian lumber to enter the U.S. duty free. The lumber was desperately needed to rebuild a major American city after what terrible disaster?
Which of the following statements best describes the clothing industry in the late nineteenth century?
In such a unique nation where the average person is family oriented and running a family owned farm and/or business their was bound to be room for change. In 1793 Samuel Slater, a born European created the first cotton spinning factory in Pawtuckett. This is said to be one of the many things that sparked Industrial Development in America. This project alone sparked the need for more cotton to be produced at a faster rate which brought upon the creation of the cotton gin. New growth in any field brings more than what meets the eye. The cotton gin producing more cotton made it neccassary for a new form aof transport to be developed. Shortly after the country started to adapt textile mills started to pop up
The United States was dramatically changing; starting from 1820 to 1848. It was changing in two very distinct ways; economically and politically. The changes will go on to impact American ideals and policies. Furthermore, with industrial innovation, the core concept of the American artisan will mature to an american worker. In other words, during the time period of 1820 to 1848, politics and industry will start to transform American society into systems and practices that will affect the future of the United States.
1. How would you evaluate Astor in terms of his motive, his managerial ability, and his ethics? What lesson does his career teach about the relationship between virtue and success?