New France the 16th and early 17th centuries New France's economy was heavily centered on its Atlantic fisheries. This would change in the later half of the 17th and 18th centuries as French settlement penetrated further into the continental interior. Here French economic interests would shift and concentrate itself on the development of the North American fur trade. It would soon become the new staple good that would strengthen and drive New France's economy, in particular that of Montreal, for the next century. The trading post of Ville-Marie, established on the current island of Montreal, quickly became the economic hub for the
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