1. Economy of new France
Chapter 2

2. Economy of New France- Important terms
Triangular Trade – economic system where a colony can only trade with the parent country or with other colonies from the same country
Mercantilism – colonies would supply France with inexpensive raw materials, and buy manufactured goods from France in return (very lucrative for France)
Industry – the production of goods – New France’s two main industries were fishing (fished off shore for cod, mackerel, and halibut, preserved it on shore and sent it to France on a ship) and the fur trade
Economy – the management of the money, property, and goods of a country (New France’s economy depended on the fishing industry and the fur trade)
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3. Economy of new France
Let’s read the note together. When we are finished we will have some questions to complete when we are finished.