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The Decline of the Fur Trade

Residence outside Hudson Bay Company building - Glenbow Institute.By 1930, the Indians of the Mackenzie Valley had been exposed to the fur trade for over 130 years. Trapping had become a traditional activity, along with hunting and fishing, in the annual subsistence cycle. The trading posts were becoming settlements, as more aboriginal people built permanent houses that they began to occupy for greater parts of the year.

At the end of the 1930s, the Depression affected the Mackenzie Valley. Fur prices crashed. In 1938, trapping licenses were restricted to indigenous peoples living in the NWT and white residents already holding a license. Many posts closed and trade was centralized at the major forts, operated mainly by natives who also trapped. Independent traders left or turned to mining, which was overtaking the fur trade as the region's chief industry. Low fur prices and high equipment costs following World War II signaled the end of the traditional fur trade era in the Mackenzie Valley.

Adapted from "A Way of Life", pp 8-18, by Marianne Bromley, Department of Renewable Resources, (RWED) Government of the Northwest Territories, Yellowknife, NT Copyright 1986 ISBN 0-7708-7146-1