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What did the Hudson's Bay Company trade?
The Hudson's Bay Company (HBC) controlled the fur trade. Or did it? HBC was the major player in the fur trade, but it faced stiff competition at times from Montréal merchants. It cannot be stated baldly that HBC completely controlled the fur trade.
What is the oldest business in canada?
edward smith
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.
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."
Why did the HBC not encourage their employees to have Indian wives?
The Hudson's Bay Company (HBC) did not encourage their employees to have Indian wives primarily due to concerns over maintaining a certain level of social and cultural separation. The company aimed to uphold the European values and standards of its workforce, fearing that intermarriage could complicate the employees’ loyalty and integration into the HBC’s corporate culture. Additionally, there were economic motivations, as the HBC preferred to control trade relationships and maintain a distinct class structure that could be threatened by such unions.
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.
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".
What did the Hudson's Bay Company trade?
The Hudson's Bay Company (HBC) controlled the fur trade. Or did it? HBC was the major player in the fur trade, but it faced stiff competition at times from Montréal merchants. It cannot be stated baldly that HBC completely controlled the fur trade.
What is the oldest business in canada?
edward smith
Why did Henry kelsey come to Canada?
Henry Kelsey came to Canada to work for the HBC in fur trade.
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.
When did Colonialism start in Canada?
Colonialism started with the fur trade and the introduction of the HBC into Canada
Why was the HBC so important?
The Hudson's Bay Company (HBC), established in 1670, was crucial for several reasons. It played a significant role in the fur trade, establishing trade networks that connected Indigenous peoples with European markets. HBC's activities also contributed to the exploration and mapping of Canada, influencing territorial claims and settlement patterns. Additionally, it fostered economic development and laid the groundwork for Canada's eventual emergence as a nation.
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 was the HBC's 'Stay at the Bay'?
It was where the HBC built trading posts at the mouths of rivers, on the shore of Hudson Bay; and had the First Nations trappers and traders travel long distances to bring their furs to the trading posts to exchange them for trade goods. - any help? ^_^
Did the HBC and First Nations ever have an equal partnership?
The relationship between the Hudson's Bay Company (HBC) and First Nations was complex and often unequal, characterized by power imbalances. While HBC relied on Indigenous peoples for fur trade knowledge, labor, and resources, it primarily operated to benefit European interests. Although there were instances of cooperation and mutual benefit, such as trade alliances, the overarching dynamics typically favored the HBC, leading to significant changes in Indigenous societies and economies. Therefore, it is more accurate to view their relationship as one of collaboration with inherent inequalities rather than an equal partnership.
What was the HBC's 'Stay at the Bay' policy?
It was where the HBC built trading posts at the mouths of rivers, on the shore of Hudson Bay; and had the First Nations trappers and traders travel long distances to bring their furs to the trading posts to exchange them for trade goods. - any help? ^_^
