New France
In 1763, France had ceded the rest of New France, except the islands of Saint Pierre and Miquelon, to Great Britain and Spain at the Treaty of Paris, which ended the Seven Years' War (known as the French and Indian War in North America and especially the United States). Britain received Canada, Acadia, and the parts of French Louisiana which lay east of the Mississippi Riverexcept for the Île d'Orléans, which was granted to Spain, along with the territory to the westthe larger portion of Louisiana.
Card money in New France
The withdrawal of card money in 1717 without a valid replacement left New France in recession (Bank of Canada 1990, 7). In 1722 there was an attempt to introduce copper coins; however, they were not widely accepted, especially by merchants, and therefore were discontinued (Bank of Canada 1990, 7). Finally in 1727, in response to the demands of the merchants, the king re-issued card money as the official tender of New France (Bank of Canada 2013). This new reissued card money was printed on plain card stock without colors and was marked for value by either cutting or removing the corners from the cards (Marsh 1985). The new card money would be redeemed each year for goods or bills of exchange, which could be redeemed in France (Bank of Canada 1990, 7). Unfortunately, the new card money quickly gave rise to the same issues as before, and during the War of the Spanish Succession finances in France went from bad to bankruptcy (Heaton 1928, 655). By 1757, the government of New France had discontinued all payments made in specie and was relying on card money, "ordonnances" (promissory notes from the government) and treasury notes in order to fund operations within the colony (Bank of Canada 1990, 7-8).