RSM392H1 Lecture Notes - Lecture 1: Chewing Tobacco, North West Company, York Factory
Document Summary
There was a royal monopoly of furs to the hudson"s bay company. York factory was founded by hudson"s bay. After britain took over canada the hudson"s bay company faced competition for the. In the past the french controlled canada and discouraged farmers from leaving their farms to limit how many people would become competition in fur trading. Explorers (coeur de bois) would trade with those not trading with the bay by law. Costs or explorers to walk was equivalent to those of the hudson"s bay company. But in 1810 the hudson"s bay company controls 20% of fur trade and the northwest. Company (coeur de bois explorers) controls 80% of fur trade. Hudson"s bay company had low xed salary and no one wanted to work as hard as them (thus competition managed) This is what the north west company did: Set up their own trading routes (posts all over western canada) They could introduce new products (new animal furs)
