Modern Day
Modern fur trapping and trading in North America is part of a wider $15 billion global fur industry where wild animal pelts make up only 15 percent of total fur output.
In 2008, the global recession hit the fur industry and trappers especially hard with greatly depressed fur prices thanks to a drop in the sale of expensive fur coats and hats. Such a drop in fur prices reflects trends of previous economic downturns.
Read more about this topic: North American Fur Trade
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