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
French Armed Forces the Italian Wars. The Wars of Religion crippled France in the late 16th century, but a major victory over Spain in the Thirty Years' War made France the most powerful nation on the continent once more. In parallel, France developed its first colonial empire in Asia, Africa, and in the Americas. Under Louis XIV, France achieved military supremacy over its rivals, but escalating conflicts against increasingly powerful enemy coalitions checked French ambitions and left the kingdom bankrupt at the opening of the 18th century. Resurgent French armies secured victories in dynastic conflicts against the Spanish, Polish, and Austrian crowns. At