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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 return of furs in payment of those goods , normally took 14 months , as for he NWC's cycle was much longer and more expensive and it would take almost a full year later
What else can I help you with?
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 Europe. Hope this helps :)
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)
How did the battle for the west between the HBC and NWC shape the Canadian you live today?
The competition between the Hudson's Bay Company (HBC) and the North West Company (NWC) in the 18th and 19th centuries greatly influenced the development of Canada by shaping trade routes, settlement patterns, and Indigenous relations. Their fierce rivalry led to the establishment of a vast network of fur trade posts that facilitated the exploration and mapping of the Canadian West. This competition eventually contributed to the consolidation of the fur trade under the HBC, setting the stage for Canada's westward expansion and the eventual confederation. The legacy of this conflict is evident today in the cultural and economic landscape of Canada, particularly in its Indigenous relations and resource management practices.
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.
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".
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
What did the HBC and the NWC do in the 1821?
Merge
When the hbc and the nwc merged why did they keep the hbc's name?
Because HBC was the more powerful one, either way it's now called "The Bay."
How did the old hbc retain control over the new hbc after the merger with the nwc?
HBC kept control by controlling the trade routes, which brought a lot of money into the HBC.
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.
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.
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 Europe. Hope this helps :)
What happened in the battle of seven oaks?
NWC and HBC had a fight or something. I think the Metis were involved aswell? im not sure folks
How did the NWC and the HBC try to win customers from each other?
The North West Company (NWC) and the Hudson's Bay Company (HBC) competed fiercely for customers by employing various strategies. The NWC focused on aggressive pricing, offering lower prices and credit to attract fur traders and Indigenous suppliers. In contrast, the HBC relied on its established trading posts and a strong network of established relationships, emphasizing reliability and quality of goods. Both companies also engaged in extensive marketing efforts, including promotions and special deals, to entice customers away from their rival.
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)
Who owns the NWC?
No one because nwc is gay.
What does hbc sell today?
Hbc, sell anything from clothes, dishes, bedding, curtain and much much more
