What effect did the mercantile economic system on the beaver population of the new world?

The mercantile economic system significantly impacted the beaver population in the New World due to the high demand for beaver pelts in Europe, particularly for hat-making. This resulted in extensive overhunting and trapping, leading to a dramatic decline in beaver numbers. The fur trade not only diminished local beaver populations but also disrupted ecosystems, as beavers play a crucial role in maintaining wetland habitats. Ultimately, the mercantile focus on profit from beaver pelts contributed to environmental changes and the near extinction of beavers in certain regions.