“At the same time, a group of Pilgrims, led by William Bradford, agreed to personally assume the full responsibility for the community’s debt, with the £1,800 due in nine annual installments of £200 starting in 1628. For relieving the citizens of Plymouth of this debt, Bradford and his group received the exclusive fur-trading rights of the colony. Indeed, the rights would have been immensely valuable, but for one thing: competition. By 1628 New England had received shiploads of settlers. Some, such as the Puritans, had religious inclinations. Others were itinerant traders making landfall. The Dutch, with their own settlement on the Hudson River, were building trading posts as far north as the Connecticut River. The French too made incursions. For all, fur was vital. Native Americans, continuing their role as hunters and preparers, were a key part of this transatlantic trade. None of this was good news for the local beaver.”
―
Americana: A 400-Year History of American Capitalism
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Americana: A 400-Year History of American Capitalism
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Bhu Srinivasan1,999 ratings, average rating, 205 reviews
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