The Hudson's Bay Company

• How was the Hudson's Bay Company formed and what did the company specialize in?

  The Hudson's Bay Company was formed by a wealthy group of English merchants in 1670. They were granted the fur trade monopoly by King Charles II of England. They built forts along the Hudson's bay to ensure easy access to furs and the ocean.
• Colonialism

  The policy or practise of acquiring control over another country, occupying it with settlers, and exploiting it and its inhabitants economically.
• What was the role of capitalist in the formation of Canada?

  The role of capitalism in the formation of Canada is attributed to:

  • Colonial monopolies operating under the authority of the Crown.
  • The goal was to maximise stockholder profits through the extraction of natural resources.
  • The Hudson's Bay Company claimed the exclusive right to trade with Indigenous peoples.
• How long did the Hudson's Bay Company maintain it's private legal system?

  The Hudson's Bay Company maintained it's private legal system from the 1600s - 1800s.
• Who gave the Hudson's Bay Company the power to enact laws?

  The Hudson's Bay Company was given power to enact laws by the Royal Charter in 1670. The powers reaffirmed in 1690 in the Act for confirming to the Governor and Company trading to udson's Bay their privleges and trade.
• How did the Hudson's Bay Company use their private legal system?

  The Hudson's Bay Company used their private legal system to control and punish their servants and employees. Later, it was used to control Indigenous peoples despite that they were not subjects of the Crown. The company exercised their power for two centuries.
• Total Institutions

  Institutions in which:

  • All aspects of life are conducted in the same place under the same authority.
  • All daily activities are carried out in the company of others doing the same.
  • All activities are scheduled and schedules are set by officials.
  • All activities are designed to meet the needs of the institution.
  • Significant barriers between the managed groups and the managers where managers have near dictatorial powers over their subordinates.