RSM_464_Take_home_2018_F (1).pdf

Based on evidence that some british administrators

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based on evidence, that some British administrators used them to spread small pox in an attempt to wipe out the Indigenous peoples. Just before Confederation, HBC falls under some intense scrutiny from the British government. The British government investigated the Company’s monopoly and trading practices. Discussions were ongoing about the transfer of land from Britain as well as compensation for HBC. However, the British colonies of the Province of Canada (Ontario and Quebec), Nova Scotia and New Brunswick joined together to form the Dominion of Canada before HBC’s compensation claims had been addressed. In 1870, HBC surrendered much its land to the Crown. In return, HBC got £300,000 cash, kept 120 posts, and got land concessions. HBC gave up its rights to Rupert’s Land, but instead of having a monopoly on the fur trade, it actually received title to forty-five thousand acres of land around its posts and a further option, for the next fifty years, on some seven million acres of the tract bounded by the American border to the South, the Rockies to the West, the North Saskatchewan to the North, and the Lake Winnipeg/Lake of the Woods combination to the East. In 1881, HBC produced its first mail order catalogue. It was then able to get access to seventy percent of the population that lived in rural communities. When the Canadian Pacific Railroad was completed, it was an HBC employee, Donald Smith, who drove in the last spike. In addition to being a director of HBC and its majority shareholder, Smith was a director of the new railroad, an enterprise run by his cousin, George Stephen. Similar to the Railroad, HBC followed the practice of keeping all subsurface mineral rights from land it sells in the western provinces.
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Page 3 of 4 In 1910, HBC restructured into three departments – land sales, retailing, and fur trading. HBC’s board recognized that both land and fur sales were likely to decrease; as a result, it invested in its retailing department. HBC opened its first modern store in Calgary in 1913. It was the largest building in Calgary at the time. It employed 500 and had five acres of retail space, a rooftop playground and a restaurant. A few years later, in 1929, HBC created the Hudson’s Bay Oil and Gas Company.
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  • Fall '11
  • dan
  • Hudson's Bay Company

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