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Corporation prominent in Canadian economic and political history. It was incorporated in England (May 2, 1670) to seek the http://www.answers.com/topic/northwest-passage to the Pacific, to occupy lands adjacent to http://www.answers.com/topic/hudson-bay, and to carry on commerce. The lands granted to the company, known as http://www.answers.com/topic/rupert-s-land, extended from Labrador west to the Rocky Mountains and from the headwaters of the Red River on the southern Canadian border north to Chesterfield Inlet on Hudson Bay. The company first engaged in the fur trade and established trading posts around Hudson Bay. By 1783 competitors had formed the http://www.answers.com/topic/north-west-co, and armed clashes continued until the two companies merged in 1821. The company was given exclusive fur-trade rights until 1858, when the monopoly was not renewed and independent companies entered the fur trade. In 1870 the company sold its territories to the government in exchange for £300,000 and mineral rights to lands around the posts and a fertile portion of western Canada. It remained a large fur-collecting and marketing agency until 1991, with extensive real-estate interests and many department stores.

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Q: Who were the founders of the hudson's bay company?
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Related questions

Who did Paul Revere work for?

Hudsons Bay CompaNY


When did the North West Company and Hudsons Bay Company merge?

the Hudson's bay & the north west company merge in 1787


When did the hudsons bay company first open?

May 2, 1670


Who did Samuel hearne work for?

Samuel Hearne worked for the Hudsons Bay company.


Why did the plains Indians live in semi-permanet homes?

They lived in semi-permanent homes year round in the Prairies because they were a migratory people. Of course, once white settlers came and set up the Hudsons Bay posts all over the place, trade began to occur between Plains Indians and the white settlers, and the Plains Indians began to be reliant on the goods they got from the Hudsons Bay company. Once this happened, they were no longer migratory as they relied on the Hudsons Bay company's goods, and so they stayed where the trading posts were so that they could trade with the Hudsons Bay company.


What is the contact number for anita zucker of the hudsons bay company?

Mrs. Zucker no longer owns HBC.


What has the author James Isham written?

James Isham has written: 'James Isham's observations on Hudsons Bay, 1743' -- subject(s): Hudson's Bay Company


Why they say hudsons bay form canada?

The Hudson's bay company built trading forts along the Hudson's bay at several river mouths where sailing ships could be anchored.


Why was the Hudson Bay Company sold to the US?

The hudsons bay company was sold to the US because the US offered alot of money, which will give "the bay" new ideas, new looks and more money to do more things around all local "bay" stores


What two fur compaines competed with each other at the start of the fur-trading era?

the northwest company and the hudsons bay comapny


What are four things named Hudson?

hudsons bay


What animals are in the hudsons bay company logo?

The animals in the Hudson's Bay Company logo are typically a beaver and a bear. The beaver symbolizes the fur trade heritage of the company, while the bear represents strength and resilience.