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HBC.docx

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Department
History
Course
HIS2362
Professor
All Professors
Semester
Winter

Description
03122013HBCOneoftheoldestexistingcompaniesOldestjointstockcompanyintheworldExtremelyimportantinthecreationoftheglobalbritishempirethth1718cJamesICharteredtheVirginiacompanyHBCKingCharlesIIcharter1670GavesweepingpowerstotheHudsonbaycompanyAbsoluteauthoritycommercialmonopolyonthewaterbasinoftheHudsonandJamesBayNorthernQuebecNorthernOntarioManitobaMostofSaskatchewanpartofNWTNunavutThisterritoryiscalledRupertslandNamedafterPrinceRuperchtvonderPflazFirstgovernorofHBCHBCneverabletoexerciseabsoluteauthorityDidnthavethemeansordesiretocontrolavastterritorysomanypeoplelivingintheterritoryOnlygoalwastofindagoodsourceoffursanythingmarketableforEuropeOnlygoalwastomakemoneyAssoonascompanytriedtoestablishapresenceitfacedcompetitionfromNewFranceSentmanyexplorersFinancedthroughtheprofitofthefurtradePushingnorthwestforfursHBCformuchofitshistorydidnotestablishfortsintheinteriorNativepeopleaskedasmiddlemenCreeandAssiniboineTreatyofUtrechtof1713FrenchrecognizeHBCrightstillgetinvolvedinthefurtradeHBCfindingtheyhadlowerqualityfurscausetheFrenchweresnakingthemall
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