Hudson's Bay Company Research Paper

In 1812, The Hudson’s Bay Company successfully merged with its rival the North West Company, taking over the name of the Hudson’s Bay Company but the North West Company gaining ownership of 55 shares, it resulted to the most powerful fur trading entity in the world, spanning the continent - all the way to the Pacific Northwest (Oregon, Washington and British Columbia) and the North (Alaska, Yukon, Northwest Territories and Nunavut). The Hudson’s Bay Company gained the North West Company's most valuable resource, its traders and voyageurs (Who were mostly Natives and Métis) as well as rich new areas beyond the Rockies and in the far north. Now all the furs gathered throughout the interior of North America could be shipped to England through the HBC controlled route of the Hudson Strait. The Company had effectively regained its monopoly over all the lands mentioned in the Royal Charter of 1670.
George Simpson became new head of operations for the Hudson’s Bay Company. He soon left
The Hudson's Bay Company tried to monopolize the fur trade by outlawing all other traders but the Métis were the majority in all the settlements, and refused to comply. They needed the Métis, so it finally made compromises. The Métis succeeded in breaking the fur trade monopoly that the Company had held until then, and they gained some political and property rights. The Hudson Bay Company could no longer enforce its monopoly and free trade became part of the Red River Valley.But slowly their old way of life was disappearing.The buffalo were declining in number, and the Métis and First Nations had to go further and further west to hunt them, In result, profits from the fur trade were declining because the Hudson's Bay Company had to extend its reach further and further away from its main posts to get