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 China had no real amount of precious metals of their own to back the paper money they invented. Because the Spaniards didn't find gold but did find copious amounts of silver, the Spaniards and the rest of Europe used this silver to purchase the commodities of choice from China, solving both of their problems. A result of the Spanish colonization of the Americas was the discovery, production, and trade of precious metals. The Spanish, along with other European nations, had a great desire for Chinese goods such as silk and porcelain. The Europeans did not have any goods or commodities