Hudson Bay Company Research Paper

The Bay, a well-known Canadian businesses company, also known as the Hudson’s Bay Company in Canadian history. Hudson’s Bay Company was formed in 1670 near the Hudson’s Bay. The Hudson’s Bay Company was formed by a group of English investors. These men persuaded King Charles II of England that huge profits could be made by developing the fur trade in the northern part of North America. But before English, the idea of the Hudson’s Bay Company was initially created by two French fur traders Radisson and des Groseilliers. They discovered this way to help France become wealthy, and they tried to persuade the French to set up the trading post around the Hudson’s Bay. Unfortunately, French had no interest about this and the French governor fined …show more content…
While the French, under the direction of their Native guides, were exploring father and father inland searching for new fur territory, the British waited for the Native people to bring furs to their forts around Hudson Bay. The second major difference was that the Hudson’s Bay Company was formed by a group of merchants who put their money together to share the risks and the profits. In other words, British just came to North America for the fur trade and without any thought of colonization. Colonization was important to New France. From 1731 to 1763, many Cree carried their furs from the tribes in the West to the fur forts that the company built around Hudson Bay. In 1763, the British got the control of New France, as a result of the Seven Years’ War. They hoped this could help them get control of the land and fur trade. But some French fur traders from Quebec continued to travel to the inland and got the best furs. In 1774, Samuel Hearne built Cumberland House. It was the first fort of Hudson’s Bay Company. But this step did not increase trade to the posts, although it was the first step of Hudson’s Bay Company changed their