Hudson's Bay Company

HBC

Conquest of 1759

1759

The Conquest of 1759 did not end stiff competition from Montreal in the fur trade.

Sent 44 expeditions to make relations with Natives

1760 - 1770

Began to build inland posts

1775

Workers complained that the country was "poisoned with Montreal Pedlars"

1779

Faced internal competition

1795

Operating 59 interior posts

1798

Napoleonic War

1803 - 1815

Considered by bought out by NWC

1804

71% of workers from the Orkney Islands

1805

Started to pay their workers from yearly profits

1809

The War of 1812

1812 - 1815

51% of workers were from the Orkney Islands - had 554 workers

1819

Not in good financial shape - owed 100,00 euros to its banker

1819

Merged with NWC - supplied 53 trading partners

1821

Loses its legal right as a trading monopoly in Western British North America

1850

Sold much of its western land to the new Dominion of Canada for 300,000 Euros

1869

Company marketed a greater range of animal products than ever before

1870

23% of HBC’s profits came from sale of non-fur items

1885

NWC

Dominated the St. Lawrence area

1790

Napoleonic War

1803 - 1815

Entered a series of negotiations with HBC

1804 - 1810

Bought out XY Company

1804

Employed twice as many workers then HBC. 950 to 435

1804

80% of workers were French Canadian

1805

Reduced workforce from 950 to 711

1811

The War of 1812

1812 - 1815

Not in good financial shape

1819

Merged with HBC - supplied 32 trading partners

1821