Redirected from Hudsons Bay Company
In 1821, the North West Company of Montréal and the Hudson's Bay Company merged, with a combined territory that was extended by a license to the Arctic Ocean on the north and the Pacific Ocean on the west. In 1870 the trade monopoly was abolished and trade in the region was opened to any entrepreneur. The company also lost its ownership of Rupert's Land.
One aspect of the company's operations was the Hudsons Bay Company Stores, trading posts that were set up across northern Canada. Today this is the only part of the company operation remaining, in the form of department stores referred to as The Bay. Many Hudson's Bay Company stores were until quite recently the only stores in remote towns. More recently they have transformed into boutique stores in their major downtown locations.
See also: British East India Company, Dutch East India Company, Dutch West India Company, John McLoughlin and British colonization of the Americas.
Search Encyclopedia
|
Featured Article
|