New France a permanent benefit to the French. New France New France () was the area colonized by France in North America during a period beginning with the exploration of the Gulf of Saint Lawrence by Jacques Cartier in 1534 and ending with the cession of New France to Great Britain and Spain in 1763 under the Treaty of Paris (1763). At its peak in 1712 (before the Treaty of Utrecht), the territory of "New France", also sometimes known as the "French North American Empire" or "Royal New France", consisted of five colonies, each with its own administration: Canada, the most developed
Global silver trade from the 16th to 18th centuries with baochao or paper money. However, the currency never popularized and silver proved its mainstay as a global currency. Despite some restrictions, silver continued to drive trade through its popularity in Europe. This, combined with a high British demand for Chinese tea, created chronic trade deficits for European governments, which were forced to risk silver deficits to supply merchants in Asia. As supplies of silver decreased in Europe, Europeans had less ability to purchase highly coveted Chinese goods. Merchants were no longer able to sustain the China trade through profits made by selling Chinese goods in the West and were