Beaver hat
A beaver hat is a hat made from felted beaver fur. They were fashionable across much of Europe during the period 1550–1850 because the soft yet resilient material could be easily combed to make a variety of hat shapes (including the familiar top hat). Smaller hats made of beaver were sometimes called beaverkins, as in Thomas Carlyle's description of his wife as a child.
The demand for beaver pelts in Europe ultimately drove the animal to near-extinction. Its popularity contributed to the dwindling of the population of the animal in the New World and fuelled colonial expansion as more people sought the fortunes of the trade.
In 1624 (the year New York was first settled) Dutch settlers were recorded having shipped 1500 beaver and 500 otter skins to Europe.
Used winter coats worn by Native Americans were actually a prized commodity for hat making because their wear helped prepare the skins; separating out the coarser hairs from the pelts.
The busy trade in beaver pelts was a fundamental factor in the exploration and early settlement of Canada. The Hudson's Bay Company, which was founded in 1670 and is still in existence, made its fortune through this trade. For its role in Canada's early economic development, the beaver has been honoured with a depiction on the Nickel (Canadian coin).