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History

After incorporation by English royal charter in 1670, the company functioned as the de facto government in parts of North America for nearly 200 years until the HBC sold the land it owned (the entire Hudson Bay drainage basin, known as Rupert's Land) to Canada in 1869 as part of the Deed of Surrender. During its peak, the company controlled the fur trade throughout much of the English- and later British-controlled North America. [1]

References

  1. "Hudson's Bay Company", at Wikipedia, https://en.wikipedia.org/wiki/Hudson%27s_Bay_Company, accessed 8 December 2020.