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.
Maritime fur trade
The maritime fur trade was dominated by American traders from the 1790s to the 1820s. Between 1788 and 1826, American merchant ships made at least 127 voyages between the United States and China, via the Northwest Coast. The returns were lucrative. During the late 1810s, the return on investment ranged from about 300% to 500%. Even higher profits were common in the first decade of the 19th century. Returns of 2,200% or higher were common, although when taking into account the cost of buying and outfitting vessels, the 2,200% return would be closer to 525%.