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The North American fur trade, an aspect of the international fur trade, was the acquisition, trade, exchange, and sale of animal furs in North America. Aboriginal peoples and Native Americans of various regions of the present-day countries of Canada and the United States traded among themselves in the pre–Columbian Era. Europeans participated in the trade from the time of their arrival to Turtle Island, commonly referenced as the New World, extending the trade's reach to Europe. The French started trading in the 16th century, the English established trading posts on Hudson Bay in present-day Canada during the 17th century, while the Dutch had trade by the same time in New Netherland. The North American fur trade reached its peak of economic importance in the 19th century, and involved the development of elaborate trade-networks.
The fur trade became one of the main economic ventures in North America, attracting competition among the French, British, Dutch, Spanish, Swedes and Russians. Indeed, in the early history of the United States, capitalizing on this trade, and removing the British stranglehold over it, was seen[by whom?] as a major economic objective. Many Native American societies across the continent came to depend on the fur trade[when?] as their primary source of income. By the mid-1800s changing fashions in Europe brought about a collapse in fur prices. The American Fur Company and some other companies failed. Many Native communities were plunged into long-term poverty and consequently lost much of the political influence they once had.
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increased public concern regarding people's impact on the environment
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Since the 1950s. a growing concern in American scientists and politicians on the impact of the human civilization on the environment prepared the conditions for the establishment of the Environmental Protection Agency, which was founded in 1970 by US president Richard Nixon.
Virtually the whole nation felt the effects of the panic. Connecticut, New Jersey, and Delaware reported the greatest stress in their mercantile districts. In 1837, Vermont's business and credit systems had taken a hard blow. Vermont had a period of alleviation in 1838, but was hit hard again in 1839–1840. New Hampshire did not feel the effects of the panic as much as its neighbors did. It had no permanent debt in 1838, and did not have a lot of economic stress the following years. New Hampshire's greatest hardship was the circulation of fractional coins inside the state. Conditions in the South were much worse than the conditions in the East. Though the Old South was hit hard, the Cotton Belt<span> was dealt the worst blow. In Virginia, North Carolina, and South Carolina the panic caused an increase in the interest of diversifying crops. New Orleans felt a general depression in business, and its money market stayed in bad condition throughout 1843. Several planters in Mississippi had spent much of their money in advance, leading to the complete bankruptcy of many planters. By 1839, many of the plantations were thrown out of cultivation. Florida and Georgia did not feel the effects as early as Louisiana, Alabama, or Mississippi. In 1837, Georgia had sufficient coin to carry on everyday purchases. Until 1839, citizens of Florida were able to boast about the punctuality of their payments. It was in the 1840s when Georgia and Florida began to feel the negative effects of the panic. At first the West did not feel as much pressure as the East or the South. Ohio, Indiana, and Illinois were agricultural states, and the good crops of 1837 were a relief to the farmers. In 1839, agricultural prices had fallen and the pressure had reached the agriculturalists</span>