1 / 15

The Merger of the HBC and the NWC

The Merger of the HBC and the NWC. Changes at Red River Colony. By 1820 both HBC and NWC were suffering financially Fur resources were declining Profits were shrinking. Merger. In 1821, the companies joined together There were 100 shares in the company The HBC controlled 45 shares

palmer-graves
Download Presentation

The Merger of the HBC and the NWC

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Merger of the HBC and the NWC Changes at Red River Colony

  2. By 1820 both HBC and NWC were suffering financially • Fur resources were declining • Profits were shrinking

  3. Merger • In 1821, the companies joined together • There were 100 shares in the company • The HBC controlled 45 shares • The NWC controlled 55 shares • The Company was called the Hudson’s Bay Company

  4. Benefits • Great Britain gave the new company control over Rupert’s Land • It extended the monopoly to west of the Rocky Mountains • The company controlled over half modern Canada

  5. HBC Maintains Power • Even though the NWC had more shares in the company the HBC maintained control. • The old HBC trading routes were used because they were cheaper • By 1825, the NWC partners sold their shares back to the HBC

  6. Native Peoples • The company reduced the number of its European employees after the merger • They relied on the Native people as: • Guides • Trappers • Translators • Map makers • Canoe builders

  7. Native women worked at the post • Gardening • Tending Livestock • Chopping Wood

  8. If pemmican was not available the HBC relied on the Native people to provide meat for the posts.

  9. A New Boss: George Simpson

  10. George Simpson became Governor of the Northwest Department • Dynamic and an experienced manager • Spent 40 years traveling across Rupert’s Land visiting trading posts

  11. The Little Emperor • Autocratic leader • High standards • Arrived at the post without warning

  12. Frances Simpson • 18 year old wife of George Simpson • Simpson was also married to a native woman in Red River • Simpson’s Red River Family was shipped away from the post before Frances arrived

  13. Anti-social Simpson’s • Mrs. Simpson refused to socialize with the Metis wives at the post • The Simpson’s were isolated from the community • It was lonely and George Simpson started writing down all of the faults of his employees in his “character” book

  14. The Simpsons left Red River in 1832 • They later settled in Montreal • George Simpson died in 1860.

More Related