About the Trading posts...HBC and NWC.
Why were many posts of the rival companies placed next to each other?
Okay so this is because of competition. Individuals seeked for different benefits.
Please Ms. Sue help me expand on this.
We discussed this earlier.
http://www.jiskha.com/display.cgi?id=1304203226
Many posts of rival companies were placed next to eachother because that way it was easier for the individuals to purchase the goods and the prices of the goods would be competitive as well. Good deals would be offered from both posts.
I would still like to expand on this.
I don't know. The sentence I wrote doesn't even make no sense:\
Certainly! The reason why many trading posts of the Hudson's Bay Company (HBC) and the North West Company (NWC) were placed next to each other is rooted in the intense competition between these two fur trading rivals.
During the 18th and 19th centuries, both the HBC and the NWC were vying for dominance in the fur trade industry in Canada. Both companies established numerous trading posts throughout the vast wilderness, often in close proximity to each other. There are a few reasons why they did this:
1. Access to resources: By setting up trading posts near each other, both companies could tap into the local resources such as furs and other valuable commodities. The proximity allowed them to extract resources from the same regions and compete for the best deals with Indigenous traders.
2. Competition for customers: Having rival trading posts close to each other meant that both the HBC and the NWC were targeting the same customer base: Indigenous communities and European settlers. By positioning their posts in close proximity, they hoped to attract more customers than their rivals and gain a larger share of the market.
3. Lower transportation costs: The fur trade was largely dependent on transportation networks, often using rivers and waterways. By locating trading posts near each other, the cost of transporting furs to the posts was reduced. This allowed both companies to save on transportation expenses and increase their profit margins.
4. Strategic advantages: Having trading posts near each other allowed both companies to closely monitor their rival's activities. They could keep a watchful eye on each other's operations, prices, and strategies. This information played a crucial role in developing their own competitive tactics, adjusting prices, and maximizing profits.
In summary, the placement of rival trading posts next to each other was a result of competition for resources, customers, cost savings, and strategic advantages. This intense rivalry between the HBC and the NWC played a significant role in shaping the fur trade industry in Canada during that time.