HBC AND NWC
posted by Emma .
how did the old Hudson bay company keep control over the new hudson bay company after the merger with the northwest company?
I read over the paragraph several times, and I still cant find the answer to this question.
It says something...the Legislation extended both the landholdings and the monopoly to west of the Rocky mountains. This gave the new HBC control of more than half of the territory of modern Canada.
While the share distribution seemed to favour NWC partners, the HBC had no intention of giving up control of the new company. It was still cheaper and more efficient to ship furs out of the Northwest by the Hudson Bay route. The old NWC company route--via Fort William to Montreal--was rarely used after the merger.
Since I do not have access to the paragraph you read, unless you post it here, try some of the following links:
HBC kept control by controlling the trade routes, which brought a lot of money into the HBC. The other thing not mentioned in the paragraph is the expensive court battles between HBC and NWC: HBC having greater finances available could and did outlast NWC in the courts.