Question 241

In 1670, which company was granted exclusive trading rights over the vast watershed draining into Hudson Bay by King Charles II of England?

  1. AThe Hudson's Bay Company
  2. BThe Canadian Pacific Railway
  3. CThe Montreal Stock Exchange
  4. DThe North West Mounted Police
Show the answer and explanation

Correct answer: A) The Hudson's Bay Company

Explanation

King Charles II of England granted the Hudson's Bay Company exclusive trading rights over this territory in 1670. This company competed with Montreal-based traders and came to dominate the fur trade in the northwest.

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