History of Pennsylvania control of the Dutch (and former Swedish) holdings in North America. At the end of the Third Anglo-Dutch War, the 1674 Treaty of Westminster permanently confirmed England's control of the region. Following the voyages of Giovanni da Verrazzano and Jacques Cartier, the French established a permanent colony in New France in the 17th century to exploit the North American fur trade. During the 16th, 17th, and 18th centuries, the French expanded New France across present day Eastern Canada into the Great Lakes region, and colonized the areas around the Mississippi River as well. New France expanded into western Pennsylvania by
Global silver trade from the 16th to 18th centuries to coins in the early period of the Ming Dynasty. The Ming paper currency eventually failed due to self-imposed inflation along with an inability to stop the production of counterfeit bills. The Ming attempted to produce copper coins as a new form of currency, but production was inconsistent. Hence silver became of high value because it was a valid currency that could be processed abroad. The bimetallic ratio of silver to gold was about two to one, which meant that European and Japanese merchants made a large amount of profit. In the 1640s, the bimetallic ratios in China converged with