Where Two Worlds Meet
The Passamaquoddy, Maliseet and Mi'gmaq hunters and traders provided a commercial lifeline for Sieur de Mons' colony. Their first-hand knowledge of the territory allowed these entrepreneurs to control the supply of furs. Through their earlier dealings with French traders, the Passamaquoddy, Maliseet and Mi'gmaq were familiar with the usefulness of European trade goods. To continue this exchange of furs for European items, they formed trade alliances with Sieur de Mons.
The anticipation of huge profits from the fur trade motivated people to participate in Sieur de Mons' expedition. In Europe, the popularity of beaver felt hats made beaver pelts a highly valued commodity. In 1603, Sieur de Mons received from Henry IV a ten-year exclusive right to the fur trade, and the title of Lieutenant-General of Acadie, a territory between the 40th and 46th parallels. In return, Sieur de Mons had to undertake and pay the costs of colonization. In this way, Henry IV was able to realize his vision of overseas colonization.
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