Royal Charter creates Hudson’s Bay Company
Labels: Hudson s, Royal Charter, Rupert sKing Charles II granted a royal charter to the Hudson’s Bay Company (HBC), giving it exclusive trading rights in the vast drainage basin flowing into Hudson Bay. This created “Rupert’s Land,” a huge region where a private company would act as a commercial monopoly and a governing power. The charter set the foundation for two centuries of company-led colonization and trade across much of what is now western and northern Canada.