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At the management level it was very different. HBC was a large company with a headquarters overseas and a large bureaucratic organisation that put limits and rules on the trading. For example HBC trading centres were often required to stock food for the local population to cover periods of starvation. They had restrictions on the use of alcohol in trades, and fixed prices for many items at various times.
The HBC early business model was a simple one. Build trading forts along the coast of Hudson Bay and have Aboriginals (Indians) bring furs to the coast to be loaded unto supply ships going back to England. This left the Aboriginals to lead a traditional lifestyle with the advanced technology they could choose to trade for and helped establish their claim to the land. For the HBC it was a low cost model that ensured high profits.
The Northwest Company was created by Canadians to take advantage of the fact that HBC wanted to trade from the coast and keep profits high. This was done by using overland trade routes to intercept Aboriginals before they would take furs to the coast. The NWC was, at first, run by few people, and trading occurred via individuals who were free to use any trading method they choose. That of course included the use of alcohol, fraud and sometimes violence to get the furs at the lowest possible price.
There are records showing that such early tactics were counterproductive. In some areas aboriginals would hide when Voyageurs would be spotted which was not good for business. Eventually the NWC improved it's methods and became very effective at overland trading and cutting into HBC profits.
HBC responded by building inland forts and setting up trade routes leading back to York Factory in Hudson Bay and eventually the Western and Northern coasts of North America. Many deep inland forts later became towns and are today major Canadian cities.
The overland trading of the Voyageurs brought Europeans deep into Ruperts Land and the Northwest Territories and increasingly into conflict with locals. Treaties and agreements did little to staunch the tide of Voyageurs, traders, explorers, and eventually settlers and colonisation by Canada.
The different trading methods were key in creating the country of Canada we know today.
What else can I help you with?
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.
Which river flows through northwest France and forms an important trade area?
Seines
What were the resons for hennry hudsons exploration?
Henry Hudson's explorations were primarily driven by the quest for a northwest passage to Asia for trade purposes, particularly for valuable spices and silks. Sponsored by both the Dutch and the English, his voyages aimed to find a shorter route to the East Indies. Additionally, he sought new lands for potential trade opportunities and resources, which ultimately led to his discovery of parts of present-day Canada and the northeastern United States. Hudson's expeditions significantly contributed to European interest in North America.
Why did the Hudson Bay explorers come to Canada?
they came to canada to find the northwest passage.
Causes of conflict between east India company and nawab of Bengal?
Trade in Bengal fetched enormous profits for the company, as goods from Bengal formed much of the English imports from Asia. The Company had the right to duty-free trade, but the Company's servants misused this right. They carried on illegible private trade, and did not pay the trade duties payable by individual merchants. This caused a heavy loss of revenue to the Nawab Of Bengal, who grew hostile to the Company.
What did the northwest company trade?
they traded fur
Why did the plains Indians live in semi-permanet homes?
They lived in semi-permanent homes year round in the Prairies because they were a migratory people. Of course, once white settlers came and set up the Hudsons Bay posts all over the place, trade began to occur between Plains Indians and the white settlers, and the Plains Indians began to be reliant on the goods they got from the Hudsons Bay company. Once this happened, they were no longer migratory as they relied on the Hudsons Bay company's goods, and so they stayed where the trading posts were so that they could trade with the Hudsons Bay company.
Which company purchased Northwest Airlines?
Northwest Airlines underwent a merger with Delta Airlines in 2008. It continued to trade as Northwest Airlines until 2010 when the merger was completed.
What animals are in the hudsons bay company logo?
The following animals: beavers, a fox and a Canadian moose!!
What did northwest Indians trade?
otter
What did the northwest Pennsylvania trade?
The people who live in the northwest of Pennsylvania traded food
What happened to the North West Company?
The North West Company was absorbed by the Hudson's Bay Company in 1821 after a series of fierce competition and conflicts over the fur trade in Canada. The merger allowed the Hudson's Bay Company to expand its territory and monopolize the fur trade in the region.
What trade did the hudsons bay company control?
Hudsonâ??s Bay Company was began in 1670 as a fur trading concern, and due to savvy business skills, by the late 19th century had grown to become the largest landowning company in North America. As the fur trade declined, they segued into retailing and today, HBC, one of the longest running companies in the world, owns Saks Fifth Avenue among other major retail establishments.
How did the triangular trade effect new England and southern colonies differently?
It didn't effect them differently. New England benefited from the trade through shipping and marine products.
What does the company Trade center specialize in?
Luton Trade Centre Ltd is a seller of quality used cars near Luton. Its showroom is located four miles northwest of Luton near junctions 11 and 12 of the M1.
What is the rendezvous at grand portage?
It is a reenactment of the historic Northwest Company Fur Trade Depot to demonstrate workshops and other events from that era. See related links for more information.
Can a company still trade if insolvent?
A company can not still trade while insolvent. If a company does trade during this time the directors of the company can become responsible for the debts.
