Voyageurs
Europeans mainly traded alongside the coast of North America with Native Americans. The early fur trade with Native Americans, which developed alongside the coasts of North America, was not limited to the beaver. Beavers were not particularly valued and people preferred "fancy fur" or "fur that is used with or on the pelt. The fur trade was viewed as secondary to fishing during this era.
The earliest North American fur trading did not include long distance transportation of the furs after they were obtained by trade with the First Nations; it started with trading near settlements or along the coast or waterways accessible by ship. Soon, coureurs des bois achieved business advantages by travelling deeper into the wilderness and trading there. By 1681, the King of France decided to control the traders by publishing an edict that banned fur and pelt trading in New France.
Canada under British rule
For centuries one of the most important economic ventures in North America was the fur trade. This trade, which had been pioneered by the French, came to be dominated by the British as they gained increasing territory on the continent. The main British fur trading posts were located inside of what became the United States (the British were forced to relocate northward as borders were established with the new nation). First Nations were central to the trade as they were the primary fur trappers. The role gave the peoples of many of the First Nations a political voice as, though they were viewed as an underclass, they were too important to simply be ignored. The American Revolution led to intense competition between the British and the U.S. By the 1830s changing fashions in Europe had begun a steep decline in fur prices and an overall collapse in the market. Apart from the economic losses to "whites" involved in the fur trade, many of the First Nations were devastated, both in terms of economic loss and in terms of loss of influence in local politics.