A history of the North American fur trade, based on primary sources . The North American fur trade, set in motion by the discovery of the New World in the fifteenth century, was this continent's biggest business for over three hundred years. Furs harvested by Ojibwa natives in the north woods ended up on the sleeves and hems of French princesses and Chinese emperors. Felt hats on the heads of every European businessman began as beaver pelts carried...