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The Hudson's Bay Company (HBC) was founded 2 May 1670. British King Charles II granted a royal charter to his cousin Prince Rupert and his friends/associates title to trap and trade in over a million and half square miles of what would eventually become Canada. This allowed the HBC to virtually control the lucrative fur trade in a huge territory.
The HBC - or Governor and Company of Adventurers of England trading into Hudson's Bay, it's original name - was comprised of stockholders and boards of directors, much like any modern company. It is one of the world's oldest commercial corporations.
For a map of the land granted to HBC, refer to the related links below.
Wiki User
∙ 15y ago
Wiki User
∙ 13y agoPrince Rupert of Bavaria sponsored an expedition into Hudson Bay area (1668-69) and became first director of the new company (called The Governor and Company of Adventurers of England Trading into Hudson's Bay) in 1670 with a Royal Charter from his cousin King Charles the II of England.
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What is Canada's oldest business?
Hudson's Bay Company
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Founded in 1952, Nabors is a drilling company that first started in Prudhoe Bay Field in Alaska. In 1990, Nabors purchased and currently own Loffman Brothers Drilling Company.
What is an example of a trade industry?
Hudson Bay Company, Walmart, Canadian Tire, to name a few. The trade industry supplies clothing, goods, automotive products, drug products, household goods, building materials; items which are most commonly found in department and chain stores.
What is women entrepreneur?
Women who have started their own company.
Black entrepreneur who started his own cookie company?
amos fortune
When did the Hudson bay company started?
The Hudson Bay Company began on May 2, 1670.
What are 2 effects on the Hudson Bay company?
The Hudson Bay company started the French and Indian war
Which country's government started the Hudson's Bay Company?
The Hudson's Bay Company was started in Canada during the Fur Trade. It belonged to the English.
Why is the Hudson's Bay Company named the Hudson's bay company?
What we now know as Hudson Bay used to be called Hudson's Bay. That's what it was called when the Hudson's Bay Company was Chartered (May 2, 1670).
How did the owner of Hudson's Bay Company start the hudson's bay company?
in Canada
What is the population of Hudson's Bay Company?
Hudson's Bay Company's population is 70,000.
Why did the Hudson bay company leave Hudson bay?
isolated
When was Hudson's Bay Company created?
Hudson's Bay Company was created on 1670-05-02.
What is the motto of Hudson's Bay Company?
The motto of Hudson's Bay Company is 'Great things for Canada!'.
What is the population of Hudson Bay?
Hudson's Bay Company's population is 70,000.
When was Hudson's Bay Trading Company created?
The Hudson's Bay Company was chartered by King Charles II on May 2, 1670.
What type of company was the Hudson's Bay Company?
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. ================================================================================= 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.
