What do these words mean: entrepreneur, economic imperialists, capitalist, Rupert's land, depot, cooperage, pemmican. Describe what is meant by "mutual dependency." Describe what happened in 1783 and why.

Entrepreneur: one who carries out a business

Economic imperialists: Economic domination

Capitalist: a person with capital, or money, to invest

Rupert's land: the territory given to the HBC

Depot: a storehouse

Cooperage: a place to make barrels and casks

Pemmican: a mixture of buffalo meat and fat

In 1783 The North West Company was found. It was formed by Scottish and American entrepreneurs who took over the French fur trade after the fall of France.

I don't know what mutual dependency means. Did I answer the last part correctly? Your help is appreciated. Thank You in advance.

A mutual dependency describes a relationship between two people or groups of people. They each depend upon each other. One example would be the mutual dependency between the Native peoples and the French fur traders. They needed each other to profit from this trade.

Your answers are very good.

Thank you:-)

You're welcome.

Yes, you answered the question correctly about what happened in 1783. The North West Company was indeed founded by Scottish and American entrepreneurs who took over the French fur trade after France's influence in North America declined.

Now, let's explain what is meant by "mutual dependency."

Mutual dependency refers to a situation in which two or more individuals or entities rely on each other for something mutually beneficial. It can be both a social and economic concept. In an economic context, mutual dependency often occurs when two or more parties depend on each other for goods, services, resources, or financial support.

For example, in the fur trade during the colonization of North America, there was a mutual dependency between the European settlers and the Indigenous peoples. The European settlers relied on the Indigenous peoples for their knowledge of the land, trapping techniques, and the procurement of fur pelts that were highly valuable in the European market. On the other hand, Indigenous peoples depended on the European settlers for access to European goods and trade resources.

This mutual dependency created a complex and interconnected relationship between the European settlers and the Indigenous peoples, as they relied on each other for survival and economic prosperity. However, it is important to note that this dynamic was often imbalanced and fraught with power dynamics, conflicts, and exploitative practices.

So, mutual dependency refers to a situation where two or more parties depend on each other for something beneficial, which can be observed in various social, economic, and historical contexts.