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KF5JRV > TODAY 02.05.19 13:31l 31 Lines 1587 Bytes #999 (0) @ WW
BID : 35585_KF5JRV
Read: GUEST
Subj: Today in History - May 02
Path: IW8PGT<IR2UBX<F1OYP<ON0AR<GB7CIP<N3HYM<KF5JRV
Sent: 190502/1127Z 35585@KF5JRV.#NWAR.AR.USA.NA BPQ6.0.18
King Charles II of England grants a permanent charter to the Hudson’s
Bay Company, made up of the group of French explorers who opened the
lucrative North American fur trade to London merchants. The charter
conferred on them not only a trading monopoly but also effective control
over the vast region surrounding North America’s Hudson Bay.
Although contested by other English traders and the French in the
region, the Hudson’s Bay Company was highly successful in exploiting
what would become eastern Canada. During the 18th century, the company
gained an advantage over the French in the area but was also strongly
criticized in Britain for its repeated failures to find a northwest
passage out of Hudson Bay. After France’s loss of Canada at the end of
the French and Indian Wars, new competition developed with the
establishment of the North West Company by Montreal merchants and
Scottish traders. As both companies attempted to dominate fur potentials
in central and western Canada, violence sometimes erupted, and in 1821
the two companies were amalgamated under the name of the Hudson’s Bay
Company. The united company ruled a vast territory extending from the
Atlantic to the Pacific, and under the governorship of Sir George
Simpson from 1821 to 1856, reached the peak of its fortunes.
After Canada was granted dominion status in 1867, the company lost its
monopoly on the fur trade, but it had diversified its business ventures
and remained Canada’s largest corporation through the 1920s.
73 de Scott KF5JRV
Pmail: KF5JRV@KF5JRV.#NWAR.AR.USA.NA
email: KF5JRV@GMAIL.COM
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