The Hudson Bay Company

1554 WordsJan 15, 20167 Pages
1. The Hudson Bay Company was created in the late 17th century, decades before Canada became a country ("Our History"). Despite the success of the Hudson Bay Company, French and American interests did not back them ("Our History"). The main operations of the HBC was centred on trading with the Natives ("Our History"). The Natives brought furs to the forts and posts of the Hudson Bay Company, located around the shores of James and Hudson Bays, to barter for manufactured goods like knives, kettles, beads, needles, and blankets ("Our History"). These posts and forts along the west of Canada influenced where modern, major cities would grow ("Our History"). In 1821, HBC merged with the North West Company, its most successful rival, which was located in Montreal ("Our History"). With this merger, the Hudson Bay Company now had posts all over Canada, and the United States. Also, this important acquisition set a permanent pattern in HBC’s growth and development ("Our History"). When fashion tastes started to change in the late 19th century, HBC adapted with its customer base, and shifted its focus ("Our History"). Over time, HBC started to carry a wider variety of products to help grow their company, and to meet consumer demands ("Our History"). Another example of when HBC adapted and innovated is when they opened six department stores in six of the major cities all over Canada ("Our History"). When there was a recession in the 1980s, HBC once again adapted to their new
Open Document