preview

The Success And Failure Of The New France Trade

Decent Essays

“It’s not what you know, but who you know.” The phrase has been amongst the business community for years. Certainly long enough for many to question the requirement of any business practicality to achieve success. Models of mediocrity “failing up” the corporate ranks because of their personal connections can be found in almost any professional environment. So much so it begs the question of how far back the practice exists. J.F. Bosher’s conclusions on the reasoning of the success and failure in the New France trade during the seventeenth and eighteenth centuries are inconclusive at best. Yet, the professor of history at the University of Toronto to his best summation is that the right religious association or social stature could have undoubtedly influenced prosperity. However, in Bosher’s study of fifty-eight bankruptcy cases between 1660-1760, he is quick to argue that there is no definitive evidence that point to one direct cause for financial ruin. Rather multiple conditions including chance that contributed to the fates of trade families. These complexities included war, the government, volatile economic trends, and religious/social structure (Bosher 458). Ultimately, many merchants turned to partnership through marriage or religion as means of establishing a trade network in an attempt to minimize those risks. Dr. Catherine Briggs of the University of Waterloo would agree, and point out that the fur trade was not a profitable one for many, nor was it a

Get Access