How was hbc formed?

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In the 17th century, the French had a monopoly on the Canadian fur trade. However, two French traders, Pierre-Esprit Radisson and Médard des Groseilliers (Médard de Chouart, Sieur des Groseilliers), Radisson's brother-in-law, learned from the Cree that the best fur country was north and west of Lake Superior and that there was a "frozen sea" still further north.[19] Assuming that this was Hudson Bay, they sought French backing for a plan to set up a trading post on the Bay, thus reducing the cost of moving furs overland. According to Peter C. Newman, "concerned that exploration of the Hudson Bay route might shift the focus of the fur trade away from the St. Lawrence River, the French governor", Marquis d'Argenson, "refused to grant the coureurs de bois permission to scout the distant territory."[19] Despite this refusal, in 1659 Radisson and Groseilliers set out for the upper Great Lakes basin. A year later they returned from their expedition with premium furs, evidence of the potential of the Hudson Bay region. Subsequently, they were arrested for trading without a licence and fined, and their furs were confiscated.
Determined to establish trade in the Hudson Bay, Radisson and Groseilliers approached a group of business men in Boston, Massachusetts to help finance their explorations. The Bostonians agreed on the plan's merits but their speculative voyage in 1663 failed when their ship ran into pack ice in Hudson Strait. This came to the attention of Boston-based English commissioner Colonel George Cartwright, who brought the two to England to elicit financing.[19] Radisson and Groseilliers arrived in London in 1665 at the height of the Great Plague. Eventually, the two met and received the sponsorship of Prince Rupert. Prince Rupert also introduced the two to his cousin, King Charles II.[20] In 1668, the English acquired two ships, the Nonsuch and the Eaglet, to explore possible trade into Hudson Bay. The Nonsuch was commanded by Captain Zachariah Gillam, who was accompanied by Groseilliers, while the Eaglet was commanded by Captain William Stannard and accompanied by Radisson. On 5 June 1668, both ships left port at Deptford, England, but the Eaglet was forced to turn back off the coast of Ireland.[21]
The Nonsuch continued to James Bay, the southern portion of Hudson Bay where its explorers founded the first fort on Hudson Bay, Charles Fort (later Rupert House, now Waskaganish, Quebec[22]), at the mouth of the Rupert River. Both the fort and the river were named after the sponsor of the expedition, Prince Rupert of the Rhine, one of the major investors and soon to be the new company's first governor. After a successful trading expedition over the winter of 1668-1669, the Nonsuch returned to England on 9 October 1669, with the first cargo of fur resulting from trade in Hudson Bay. The bulk of the fur - worth £1,233 - was sold to Thomas Glover, one of London's most prominent furriers. This and subsequent purchases by Glover made it clear that the fur trade business in Hudson Bay was indeed viable.[23]
Rupert's Land, the drainage basin of Hudson Bay, the company's grant.
The Governor and Company of Adventurers of England Trading into Hudson's Bay was incorporated on 2 May 1670, with a royal charter from King Charles II.[24] The charter granted the company a monopoly over the region drained by all rivers and streams flowing into Hudson Bay in northern Canada. The area was called Rupert's Land after Prince Rupert, the first governor of the company appointed by the King. This region, the drainage basin of Hudson Bay, constitutes 1.5 million square miles (3.9×106 km2), comprises over one-third the area of modern day Canada and stretches into the north central United States. The specific boundaries were unknown at the time. Rupert's Land would eventually be Canada's largest land purchase in the 1800s.
The HBC established six posts between 1668 and 1717. Rupert House (1668, southeast), Moose Factory (1673, south) and Fort Albany, Ontario (1679, west) were erected on James Bay; three other posts were established on the western shore of Hudson Bay proper: Fort Severn (1689), York Factory (1684) and Fort Churchill (1717). Inland posts were not built until 1774. After 1774, York Factory became the main post because of its convenient access to the vast interior waterway systems of the Saskatchewan and Red rivers. Called "factories" (because the "factor," i.e., a person acting as a mercantile agent did business from there), these posts operated in the manner of the Dutch fur trading operations in New Netherlands.
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Why did HBC have an advantage over the NWC geographical wise?

They were given a large portion of land surrounding the Hudson bay. The land was called "Ruperts Land". Since the HBC owned the land they had an monopoly of its buisness. Monopoly-complete control(only people aloud to buy and sell furs there)

Wear can you find information about an break action single barrel 12 gauge shotgun manufactured sometime around or before 1950 sold by the HBC catalog?

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What is the value of a hbc token?

They can vary greatly in value depending on rarity. A little grand rapids post token sold for $13,000 at action in 2013. The brass Made Beaver tokens can be $500 or more each. While others common HBC tokens have very little value. Consult with a numismatic familiar with HBC tokens for details on spe ( Full Answer )

What is HBC used in ADS?

just stuff if you want to know go to the Hudson Bay Company and find out your self ...OMG your so LAZY get up and go as soon as possible ...........TIME IS RUNNIN' OUT

What is HBC?

HBC is a company called Hudson Bay Company which owns 4 shopping stores called zellers, the bay, home outiftters and fields

Why earthquakes form where there formed?

they form where they are formed becaus the plates in the ground can be in certain spots and if the plate disconect that forms the earthquake in the spot tha it happens in.

What is the full form form of MP?

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What geographical advantage did the HBC have over the NWC?

The HBC had a large portion of land by the Hudson Bay. This made it way easier to transport goods back and forth. The NWC, on the other hand, had all of the land which is now Quebec. They took difficult routes that were more time consuming. It would also take more time for the ships to arrive from E ( Full Answer )

What jobs does the hbc business generate?

The HBC business created all sorts of jobs here are some. electrician's, plumbers, store keepers, shelve stoker, cashier, janitor, fashion designers , construction workers, truckers and many more.

Who was more successful and why HBC or NWC?

HBC mainly in economics , the sea route to the Hudson , was a huge advantage it enabled HBC to benefit from a short business cycle ships could leave England and travel to the Hudson bay pick up furs and return to England in the space of 5 months a complete business cycle - from shipment of goods to ( Full Answer )

Can anyone explain the M effect of HBC or HRC fuses?

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What is the difference between NWC and HBC?

They were both fur-trading companies, but they were competing against each other. The HBC had a very strict standard of trade. There was little room for bargaining, and they didn't trade for alchohol. The NWC on the other hand, has more of a relaxed standard, and they traded Whisky with the Indians. ( Full Answer )

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Why did HBC stop looking for new sources of fur?

The Hudson's Bay Company stopped looking for new sources of fur because the Native people were delivering fur to the trading posts, causing them to not need to go out to find it.

Who established the HBC?

The HBC was founded on 2 May 1670 when King Charles granted a charter to his cousin Prince Rupert and his associates.

What is the similarities between HBC and NWC?

They're both North American trade companies. The HBC (Hudson Bay Company) was established well before the NWC (Northwest Company) but back then, they both chiefly were big on trading furs, etc. .

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What is the job description for an HBC and GRS Clerk?

A HBC clerk is responsible for the Health and Beauty Care products. They keep up with the inventory and make sure shelves are fully stocked with the HBC products. This is done by maintaining counts of product and also adding to orders as needed. GRS stands for Grocery Replenishment Specialist. A GRS ( Full Answer )

Was HBC a part of the fur trade?

Yes, HBC, or the Hudson's Bay Company, was apart of the fur trade. In fact they are still around nowadays as "The Bay".

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Why did the NWC and the HBC merge?

the hbc had alot of hot women and the nwc thought if they merged witht he hbc thy could maybe have some sexy time

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Why was the forming of the Dominion of Canada in 1867 important to HBC?

It resulted in them selling most of their land to the new country which brought many more people to their areas. That would be good but they were never able to take full advantage. It was important because it marked a turning point in theirs and Canada's history.

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What is the limit on a HBC credit card?

The limit for an HBC credit card is communicated to the purchaser of a new Hudson Bay Company credit card directly. This is the only way that one can determine the cash limit and credit limit on an HBC credit card.

What rewards are available through HBC Rewards?

There are many rewards available through HBC Rewards including Hudson's Bay Gift Cards, Home Outfitters, Air Miles, Zellers, and even donating to charity or a community.

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