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What type of company was the Hudson's Bay Company?

Updated: 8/17/2019
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13y ago

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The Hudson's Bay Company was founded in Eastern Canada (1670). For a little over a century it was a fur market in the area.

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1. The Hudson's Bay Company still exists. It is still doing business. In fact, I have a Hudson's Bay Company MasterCard. Until recently, I had a Hudson's Bay Company credit card as well.

2. The Hudson's Bay Company was not "founded" in "Eastern Canada." It was Chartered in England.

3. King Charles II incorporated, by Royal Charter, on May 2, 1670, "The Governor and Company of Adventurers of England trading into Hudson's Bay." The name was eventually shortened to "Hudson's Bay Company."

4. The Hudson's Bay Company was a trading company that established trading posts on the shores of Hudson Bay, and later in Canada's interior. At those trading posts, it traded European manufactured goods to the people of the First Nations. From them in return, the Hudson's Bay Company received animal furs, which were then shipped back to England.

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Q: What type of company was the Hudson's Bay Company?
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