Sioux History Timeline . 1824-25. The Hudsonâs Bay Company originated in 1670 as fur trading posts, where furs were traded for manufactured goods. Hudsonâs Bay Company, corporation that occupies a prominent place in both the economic and the political history of Canada. The This change in the company put a large debt on them which forced the Hudson's Bay into a financial crisis in the 1980's. With the introduction of the steamship in recent years, HBC looks for a source for its coal needs. 1679: Looking for the Pacific Ocean by way of the Great Lakes, Daniel Greysolon, sieur du Luth made his way to a great Sioux village on Mille Lacs Lake and claimed the area for France. Despite their success French and American interests would not back them. 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Fort Vancouver (today, Vancouver, Washington) is built upstream on the north side of the Columbia River as it is thought that ⦠The Hudson's Bay Company, a fur-trading enterprise headquartered in London, began operations on the shores of Hudson Bay in 1670. The growth of retail spurred Hbc into a wide variety of commercial pursuits. In 1912, following advice from one of its directors who was with Harrods department store in London, Hbc began an aggressive modernization program. Jan 1, 2008, National Realty and Development Corporation Partners Buy HBC. The HBC's early outposts and fur depots were often broken into by the French who also had claim to the Hudson Bay region, reducing their profits. Liquor, canned salmon, coffee, tea and tobacco were all lines that supplemented traditional fur and retail and helped to establish a thriving wholesale business. 1665 Bubonic plague sweeps HBC brings Scottish miners from the Orkney Islands to mine coal at Fort Rupert on Vancouver Island in 1835, however the the coal is not of good quality. This was the start of a new chapter for the company. A string of posts grew up along the great river networks of the west foreshadowing the modern cities that would succeed them: Winnipeg, Calgary, Edmonton. Rocky Mountain House was an important fur trading fort during the 1800's. MacKay, Douglas. Maritime voyages remained an important part of HBC's operations until ⦠A group of Rich English merchants(Inclucing prince Rupert) formed the Hudsons Bay company and King Charles II granted the company a fur trade ownership for all of the lands drained by the river flowng into Hudson's Bay. Also selling off interests in the oil and gas business, HBC sells its Northern Stores Division and fur auction house. (This was the largest real estate transaction in history). Pre-1965 Pre-1965, Black Letter script represented the Hudsonâs Bay Company⦠Merged with Hudsonâs Bay Company, 1821. Hudson Bay Company comes to Eastern Canada with a 10-store The merger also set the pattern of the Companys growth, being the first of a series of notable acquisitions. In 1839 Fort Nisqually and the Hudson's Bay Company farms at Cowlitz Prairie were incorporated as the Puget Sound Agricultural Company. During the next century and a half, it gradually expanded its network of trading posts west across Canada. In 1821 the two leading fur trading companies in North America, Hudson's Bay Company and the North West Company, merged under the name Hudsonâs Bay Company. Financed ⦠Bay. Médard Chouart des Groseilliers and Pierre-Esprit Radisson were from New France. This let the Comapny expanded themselves throughout Western and Central Canada. By 1841 the fort was selling beef, butter and cheese to the Russian settlements in Alaska. Mining continues there until 1873 where the HBC's coal needs are fullfiled, it was also a source of income for some time. NRDC also owns Lord & Taylor department store chain with 47 outlets. Hudson's Bay Company (HBC) was founded after the 1668 voyage of the Nonsuch had demonstrated the commercial feasibility of sailing through Hudson Straits and into Hudson Bay in order to acquire furs. The discovery of coal deposits at Nanaimo leads the Company to establish new mines and a trading post at Nanaimo in 1852. By the end of the 1800s these posts were converting to retail shops. The Hudsonâs Bay Company (HBC), chartered 2 May 1670, is the oldest incorporated joint-stock merchandising company in the English -speaking world. Archibald McDonald, one of the Hudson's Bay Company traders, picked Nisqually Bay as a suitable site for a trading post and in 1833 he established Nisqually House. Also, the company was granted a license for exclusive trade in areas outside the boundries of Rupert's Land. In other words, the history of the Hudsonâs Bay Company is a global story for our global era. King Charles II of England grants a permanent charter to the Hudsonâs Bay Company, made up of the group of French explorers who opened the ⦠The chain operated under the company name before being rebranded to ⦠We are committed to the preservation, education, and promotion of Hudsonâs Bay Companyâs history and the ongoing care and maintenance of the Companyâs historical HBC Corporate Art, Artifact, Image, and Reference Collections. 1642 Montreal is established. Hudsonâs Bay Company absorbs its rival, the Northwest Trading Company. We are committed to the preservation, education, and promotion of Hudsonâs Bay Companyâs history and the ongoing care and maintenance of the Companyâs historical HBC Corporate Art, Artifact, Image, and Reference Collections. Branding evolution: A timeline of words, pictures and history. The Cumberland House was mainly a fur trading post. It took the vision and connections of Prince Rupert, cousin of King Charles II, to acquire the Royal Charter which, in May, 1670 granted the lands of the Hudson Bay watershed to the Governor and Company of Adventurers of England trading into Hudson Bay.. In October 1666, King Charles II of England granted an audience to two men who had travelled a long way to see him. It was incorporated in England on May 2, 1670, to seek a northwest passage to the Pacific, to occupy the lands adjacent to Hudson Bay, and to carry on any commerce with those lands that might prove profitable. The Hudsonâs Bay Company is the oldest company in Canada . European goods were traded for furs from the First Nations. In the late 1970's the Hudson's Bay Company ended. It is the main brand of the Hudson's Bay Company (HBC), the oldest and longest-surviving company in North America. Negotiations begin regarding the transfer of land ownership to Canada and compensation for HBC. Watch over 300 years of history unfold at our. MLA Format. In the same year, the Rotman School of Business, University of Toronto, names the incorporation of the HBC as the number 1 business event in a top 40 ranking of business events in Canadian history. Founded on 2 May 1670, the Hudson's Bay Company opened its first department store in 1881 in Winnipeg, Manitoba. The HBC had a meeting with one of the directors from Harrods department store in London and gained some useful advice. HBC Heritage is an internal department of Hudsonâs Bay Company. Key dates in the history of the Hudsonâs Bay Company (TSE:HBC): 1666: French explorers Pierre-Esprit Radisson and Medard Chouart travel to London with tales of wilderness riches and attain the sponsorship of Prince Rupert, cousin of King Charles II. About HBC Heritage. Company would eventually flourish as dominant commercial enterprise from the colonies of the East Coast of America to the Pacific Northwest territories of Washington and Oregon, as well as British Columbia. During the years before the Confederation, HBC is pressured by the British government, as it investigates the Company as a monopoly and it's trading practices. This plan was the result of the original six Hudson's Bay Company department stores in Victoria, Vancouver, Edmonton, Calgary, Saskatoon, and Winnipeg. A group of investors, including 415 employees, purchase the Northern Stores Division which becomes the North West Company in 1990. They later convince British merchants to found the Hudsonâs Bay Company. General Research Division, The New York Public Library. 1936: The opening of the Hudson Bridge More than 300 years after his discovery, Henry Hudson had a bridge named after him. Indianapolis, Ind. 1612-1632 Exploration of Hudson Bay by several others (Thomas Button, William Baffin, Jens Munk, Luke Foxe and Thomas James) shows it to be landlocked. By the 19th century there was a string of Hudsonâs Bay Company posts throughout Canada. The HBC changed owners who were a family of the late Roy Herbert Thomson, 1st Baron Thomson. About HBC Heritage. In 1912, following advice from one of its directors who was with Harrods department store in London, Hbc began an aggressive modernization program. The Honourable Company: A History of the Hudson's Bay Company. Took over NWC operations, 1821, and remained the most influential non-native power in the region through 1846. which is also the reason as to why the company sold off its northern Canadian stores and it's ventures in gas, oil and coal. The Royal Charter of the Hudsonâs Bay Company is granted by King Charles II of England, giving the company control of an area called Rupertâs Land, which accounts for one-third of present-day Canada. They found it a successful place to trade furs, and so the Hudson's Bay Company was founded. HBC sells off all it's non-core-retail assets in a deliberate move to address its large debt load. The resulting original six Hudsons Bay Company department stores, in Victoria, Vancouver, Edmonton, Calgary, Saskatoon and Winnipeg, are the living legacy of this period. Also at this time Queen Elizabeth II granted the company a new charter and it's head office moved from london, England to Winnipeg, Manitoba. Dominated fur trade in Pacific Northwest, 1813-1821, and began adaptation of company ways to the new environs. Territorial Timeline The North West Company absorbed into the British owned Hudson's Bay Company. The company was incorporated by British royal charter in 1670 as The Governor and Company of Adventurers of England trading into Hudson's Bay; it is now domiciled in Canada and has now legally adopted the more common shorter name. Feb 23, 1684, York Factory is Established by The Hudson Bay Company Feb 23, 1728, Quebec Traders Trade with the Native Feb 23, 1960, Hudson Bay and Morgan ⦠Hudson Bay Company is a Canadian retail trading company established in 1670. 1670 â the âGovernor and Company of Adventurers of England Trading into Hudsonâs Bayâ (the Hudsonâs Bay Company, or HBC) was created under a royal charter signed by Charles II. In 1821 Hbc merged with its most successful rival, the North West Company based in Montreal. Today the company runs department stores throughout Canada. Shipping and natural resources, particularly oil and gas, were other important sidelines. The sales also started to decline due to the competition from montreal pedlars who were selling fur at much lower prices. Hudsonâs Bay Company. Assuming this was Hudson Bay, they sought French backing for a plan to set up a trading post o⦠1887 SS Wrigley of Hudson Bay Company starts regular steam powered travel on Slave River and Mackenzie River systems. For much of the 17th century the French, based on their colony of New France, operated a de facto monopoly in the North American fur trade. 1659 1662 Radisson and des Groseilliers announce their departure for Hudson Bay from Quebec but sail to New England instead. It became famous for its iconic Point Blankets and its role in starting the fur trade industry in Canada.. See the fact file below for more information on the Hudson Bay Company or alternatively, you can download our 27-page Hudson Bay Company worksheet pack to utilise within the classroom or home environment. By the late 18th c. competition forced Hbc to expand into the interior. "The honourable company : a history of the Hudson's Bay Company" The New York Public Library Digital Collections.1936. HBC gave up its rights to Rupertâs Land, but instead of having a monopoly on the fur trade, it actually had title to 45,000 acres of land around its posts, for the next 50 years, on some seven million acres of the tract bounded by the American border to the South, the Rockies to the West, the North, and lake Winnipeg to the East. Large holdings of land negotiated as part of the Deed of Surrender took the company into real estate. The Hudson's Bay Company continues to operate today, albeit without its monopoly of trade, its territory, and administrative rights in the West that were granted under its first charter. It was founded in Saskatchewan because of the large number of the Cree tribes who gathered there in the late spring and early fall seasons and therefore it was a great place to trade and sell the rich furs they had gathered over the winter months. Hudson Bay Company Timeline Hudson Bay Company 1960 1880 1913 1690 1774 1836 1929 1821 2000 1980 HBC launches their new website hbc.com Henry Kelsey was the first white man to travel to the buffalo herds of the Prairies. Two French traders, Pierre-Esprit Radisson and Médard des Groseilliers (Médard de Chouart, Sieur des Groseilliers), Radisson's brother-in-law, learned from the Cree that the best fur country lay north and west of Lake Superior, and that there was a "frozen sea" still further north. Two centuries before Confederation a pair of resourceful Frenchmen named Radisson and des Groseilliers discovered a wealth of fur in the interior of the continent north and west of the Great Lakes accessible via the great inland sea that is Hudson Bay. May 2, 1670 - The Hudsonâs Bay Company is incorporated. The Hudson's Bay Company (HBC) is the oldest commercial corporation in North America and one of the oldest in the world. It was started in 1670 as a fur-trading company. Timeline 1670 Detail May 2, 1670 - Hudson's Bay Company founded as English firm to combat New France in Canadian fur trade. Hudson's Bay Company established Fort Langley on lower Fraser River, first Hudson's Bay Company trading post in Salish territory 1828 Hudson's Bay Company launches punitive expedition against Klallam; burned village at Port Townsend "200 paces in length," continuous lodges style 1832-34 Before an agreement is reached, the British colonies of the Province of Canada (Ontario and Quebec), Nova Scotia and New Brunswick join together to form the Dominion of Canada. HBC Heritage is an internal department of Hudsonâs Bay Company. : Bobbs-Merrill, 1936. Natives brought furs annually to these locations to barter for manufactured goods such as knives, kettles, beads, needles, and blankets. They also farm the surrounding lands, planting vegetables, but their main interest is furs. The 21st century finds Hbc well into its fourth century of retailing in Canada. Richard A. Baker becomes the 39th Governor of HBC. The HBC built the Cumberland House which was the first inland post inbetween the Saskatchewan and Churchill rivers, then the HBC pushed westward to the Padcific slope. This warfare with the French did not end untill the british conquest of Canada in 1762. 1888 James Hislop of Pictou NS and Ed Nagel from Quebec form a company to trade furs in Northern part of Alberta and NWT. After this the Hudson's Bay Company began an rapid modernization program. The HBC crew uses cedar to build houses, a store, and protective walls. The resulting commercial enterprise now spanned the continent all the way to the Pacific Northwest (Oregon, Washington and British Columbia) and the North (Alaska, the Yukon, Northwest Territories and Nunavut). In the spring of 1833, the Hudson's Bay Company begins work on Fort Nisqually. ***. The HBC got very lucky and got to expand the company in 1821 when it merged with it's most competitive rival, the North West company, which further aided in their sales of goods. The HBC logo has become a national icon, sustaining years of historical significance while allowing creative change to reflect new phases in the companyâs saga. History. Four years later they bring their first cargo of fur to England from the Hudson Bay region. BIBLIOGRAPHY. The sale of homesteads to newly-arrived settlers would later evolve into a full-scale interest in commercial property holdings and development. Jan 1, 1763, Outposts and Fur Depots Jan 1, 1670, The Founding of Hudson Bay Company Jan 1, 1867, Confederation Creates the Dominion of Canada. They gained two large Canadian retailers, which were Zellers and Simpsons. HBC forts span the continent from the West to the East coast. Dn favor which has been shown to the" Remarkable History of the Hudson's Bay Company" has resulted in a large measure from its being written by a native-born Canadian, who is familiar with much of the ground over which the Company for two hundred years held sway. The Hbc Family of Stores the Bay, Zellers, Home Outfitters and Shop.Hbc.com together provide more than two-thirds of the retail needs of Canadians. 1668 â English Ketch Nonsuch reaches Rupert River in James Bay, where crew will build first Hudsonâs Bay Company post. This meant that the company held an effective ownership and rights on the fur trade from the Labrador to the Pacific Ocean and also from the Yukon and the Arctic to the United States. HBC was a fur trading business for most of its history, a past that is entwined with the colonization ⦠Proof positive, if any were needed, of the aptness of Hbcs proud claim: Visit our history website for more information. The founding of the Hudson's Bay Company In 1668, English explorers set sail for Hudson's Bay in Canada. Both the Hudson's Bay Company and the North West Company traded with 9 First Nations groups (Nakoda, Siksika, Tsuu t'ina, Ktunaxa, Piikani, Atsina, Kainai, Nehiyawak, and Mètis). 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