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Canadian Studies Essay On the Rival Fur Trading Companies

Q: Compare the advantages and disadvantages of the rival fur trade systems used the Hudson’s Bay Company and the North West Company by 1820.

In developing an answer to this question firstly it must be asked as to why there were two companies in the first instance. If any one company such as the Hudson’s Bay Company was in fact the most effective and had the most efficient methods then there would have been little room for the creation of another, rival company. The main reason for the hunting of the beavers was the demand back in Europe for Felt for the fashion industry. The first of the two companies was the Hudson’s Bay company which was created in 1670. One of the major advantages which this company faced over its rival the North West company which was set up later was the fact that, it had claim to a large area of territory due to a charter, passed under the Great Seal of England in 1670, which stated that all land from which water drains into the Hudson Bay...

Posted by: Adriana Alvarez

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