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May 2, 2020 · Back in London, the fur trade was making some men — and a few women who held shares in the company — rich. From 1738 through 1748, company imports to England from Rupert’s Land totalled more than £270,000. That’s more than £31 million in today’s currency.
- Melissa Gismondi
- The Fur Trade and The HBC
- Size and Reach
- Indigenous People, Métis and Missionaries
- Canada Acquires Rupert’s Land
- New Treaties, New Provinces
In the late 17th century, the fur trade in beaver pelts was growing in commercial importance in North America. Yet it was difficult for traders to reach the rich trapping grounds north of Lake Superior and beyond. They had to make challenging overland journeys from the Great Lakes or the St. Lawrence River. Two French explorers, Médard Chouart des ...
By today’s standards, the charter was breathtaking in reach. It gave the HBC and its merchant governors exclusive rights to trade — and to colonize — all the lands containing rivers flowing into Hudson Bay. In other words, the entire Hudson Bay drainage system. This amounted to an enormous territory in the heart of the continent. It comprised what ...
The charter signed by King Charles II gave the HBC complete control of the territory. Almost no thought was given to the sovereignty of the many Indigenous peoples that had lived there for centuries. The HBC established forts and trading routes through much of the territory. The Cree, Assiniboine and other groups supplied the Company with furs, or ...
In 1867, the Dominion of Canada was formed out of the Confederation of Ontario, Quebec, New Brunswick and Nova Scotia. The new country was led by Prime Minister Sir John A. Macdonald. His government was increasingly eager to annex Rupert’s Land into the Dominion. This was partly due to a desire to expand the frontiers of the nation to the north and...
Also in 1870, as a result of the political arrangements brought about by the Red River Resistance, the province of Manitoba was admitted into Confederation. Meanwhile, the Canadian government negotiated seven treaties with Indigenous nations within the territory, acquiring their consent to the Crown’s sovereignty. Geographically, the Rupert’s Land ...
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Sep 4, 2023 · The Hudson’s Bay Company (HBC) assumed not only a commercial monopoly, but also de facto governmental control of Rupert’s Land – so named after King Charles’s first cousin and the...
Jul 16, 2023 · History of monopolies. The Hudson’s Bay Company was granted a commercial monopoly over the entire Hudson Bay drainage basin, known as Rupert’s Land, in 1670. THE CANADIAN...
The right to "sole trade and commerce" over Rupert's Land was granted to the Hudson's Bay Company (HBC), based at York Factory, effectively giving that company a commercial monopoly over the area. The territory operated for 200 years from 1670 to 1870.
Grafting the West onto Canada — and, in particular, onto Ontario — would mean free land for generations. Obtaining Rupert’s Land from the HBC would also reunite this economic hinterland with its old commercial metropolis in the St. Lawrence (in effect, reversing the consequences of the 1821 corporate merger).
After incorporation by English royal charter in 1670, the company was granted a right of "sole trade and commerce" over an expansive area of land known as Rupert's Land, comprising much of the Hudson Bay drainage basin. [5] . This right effectively gave the company a commercial monopoly over that area.
