Perrault's Red Riding Hood is the first version of already known fairy tale where the girl wears her now characteristic red hood. Perrault probably choose it because it symbolizes life, blood, energy and - sin. In his times there was no way to see a decent woman wearing read.
His take on the fairy tale is different on today much more popular variations with a hunter as a savior. His story ends with the wolf eating the girl and a moral roughly saying that young girls should be aware of old men.
If you would like to check the folkloristic approach to the story, check:
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