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. 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.
Initial Owners of the Hudson Bay Company Under the 1670 Charter
Prince Rupert of the Rhine, a cousin of King Charles II, was the driving force and the first governor of the company. These operators were employees acting on behalf of the owners, executing the business plan defined by the charter.
Legacy of the 1670 Charter The structure established in 1670 defined the Hudson Bay Company for generations. The Nature of the Monopoly The ownership granted by the charter was absolute within the specified territory.
Initial Owners of the Hudson Bay Company Under the 1670 Charter
It was not a document signed by public vote or corporate shareholders in the modern sense, but a decree from the English Crown. The initial group of aristocratic investors set a precedent for its governance and purpose.
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