The Nature of the Monopoly The ownership granted by the charter was absolute within the specified territory. In 1670, the landscape of North America was defined by sprawling wilderness and emerging colonial ambitions.
Foundational Ownership of the Hudson Bay Company in 1670
The "owners" were not just businessmen seeking profit; they were the architects of a colonial government that would control a vast portion of North America for the next two centuries. These operators were employees acting on behalf of the owners, executing the business plan defined by the charter.
The Hudson Bay Company had the right to govern, levy taxes, raise military forces, and administer justice in Rupert's Land. The origin of this powerful entity lies in the royal charter granted by King Charles II, which created "The Governor and Company of Adventurers of England trading into Hudson's Bay.
Foundational Ownership of the Hudson Bay Company in 1670
Prince Rupert of the Rhine, a cousin of King Charles II, was the driving force and the first governor of the company. Though the company would change hands, merge, and evolve over the next 300+ years, the fundamental nature of being a chartered monopoly established by royal decree remained.
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