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GMAT Reading Comprehension (RC) | Exactly when in the early modern era Native Americans began exchangi

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    Exactly when in the early modern era Native
    Americans began exchanging animal furs with
    Europeans for European-made goods is uncertain.
    What is fairly certain, even though they left
(5)
    no written evidence of having done so, is that
    the first Europeans to conduct such trade during
    the modern period were fishing crews working the
    waters around Newfoundland. Archaeologists had
    noticed that sixteenth-century Native American
(10)
    sites were strewn with iron bolts and metal
    pins. Only later, upon reading Nicolas Denys’s
    1672 account of seventeenth-century European
    settlements in North America, did archaeologists
    realize that sixteenth-century European fishing
(15)
    crews had dismantled and exchanged parts of their
    ships for furs.
    By the time Europeans sailing the Atlantic coast
    of North America first documented the fur trade, it
    was apparently well underway. The first to record
(20)
    such trade—the captain of a Portuguese vessel
    sailing from Newfoundland in 1501—observed that a
    Native American aboard the ship wore Venetian silver
    earrings. Another early chronicler noted in 1524 that
    Native Americans living along the coast of what is now
(25)
    New England had become selective about European
    trade goods: they accepted only knives, fishhooks,
    and sharp metal. By the time Cartier sailed the Saint
    Lawrence River ten years later, Native Americans had
    traded with Europeans for more than thirty years,
(30)
    perhaps half a century.


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