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Why did Henry kelsey come to Canada?
Henry Kelsey came to Canada to work for the HBC in fur trade.
Who were the Nor'westers?
They were British fur traders that rivaled the Hudson bay Company. Often they would intercept furs from the HBC's convoys
What advantages did the HBC have over the NWC and the NWC over the HBC?
The Hudson's Bay Company (HBC) had advantages over the North West Company (NWC) due to its established trading posts and strong ties with Indigenous communities, which facilitated access to fur resources. Additionally, HBC's royal charter provided it with a legal monopoly over vast territories, allowing for greater control over trade routes. Conversely, the NWC had superior logistics and a more agile operation, enabling it to respond quickly to changes in the fur market and to establish a more aggressive trading strategy. Its focus on a network of smaller, more flexible posts allowed for greater accessibility to fur-bearing regions.
What made Anthony Henday the fur trader famous?
Anthony Henday was famous for pushing his discoveries and explorations for Britain far West. He made several alliances with the First Nations in doing so. This helped the Hbc a great deal.
How did the french and british approach the fur trade differently?
The British set up a private company, the Hudson Bay Company whose business model had them set up trading forts along the coast to which trappers, mainly Aboriginals, would bring furs to for trading. The advantage to the Aborginals was the ability to live as they choose inland, for Hudson Bay Company it limited their expense and risk of traveling inland. The European French found themselves kicked out of what is today Canada in the mid 1700's the result of losing wars to the English. Some remained and became French Canadians. They traded inland bypassing the HBC monoply and trading directly with whoever they found willing to trade. Inland trading forced HBC to change their plans and move ever further inland. Eventually a company was set up out of Montreal to compete directly with the HBC. The Northwest Company was bought out by, or merged with the HBC in 1821 and they became one company.
Which was the most powerful of the fur companies?
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.
When did Colonialism start in Canada?
Colonialism started with the fur trade and the introduction of the HBC into Canada
Who were the Nor'westers?
They were British fur traders that rivaled the Hudson bay Company. Often they would intercept furs from the HBC's convoys
To what extent are furs part of the HBC company?
Furs are integral to the history and identity of the Hudson's Bay Company (HBC), which was founded in 1670 primarily as a fur trading enterprise. The company played a crucial role in the North American fur trade, establishing trading posts and forging relationships with Indigenous peoples. While HBC has diversified its business over the years into retail and other sectors, its origins in the fur trade remain a significant aspect of its legacy and brand heritage. Today, while fur is less central to its operations, it still holds historical importance within the company's narrative.
What advantages did the HBC have over the NWC and the NWC over the HBC?
The Hudson's Bay Company (HBC) had advantages over the North West Company (NWC) due to its established trading posts and strong ties with Indigenous communities, which facilitated access to fur resources. Additionally, HBC's royal charter provided it with a legal monopoly over vast territories, allowing for greater control over trade routes. Conversely, the NWC had superior logistics and a more agile operation, enabling it to respond quickly to changes in the fur market and to establish a more aggressive trading strategy. Its focus on a network of smaller, more flexible posts allowed for greater accessibility to fur-bearing regions.
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.
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.
Did the Hudson Bay company work for England and France during the fur trade?
HBC was an English company, it never worked for France. As a matter of fact, it competed with the French traders.
