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the original text: Listen to part of the lecture in a History class: The settling of inland from here in Canada involve many coincidences and those where making money was involved were particular bigger. A good case in point is the intense rivalry between 2 major fur trade companies around the beginning of 19th century. The Hudson’s Bay Company had royal chart that means the nobly in the area where the operating cost were low. In addition to keeping any competition of the area where doing business was the least expensive, royal chart also give the excess to long term credit from Bank of England. Other bonus that full were original management community and support for highly places politician. Their rival, the upstart North West Company of Montreal, has none of these advantages but they did have brave men who didn’t hesitate to go into untried territory. Their profits depended on constantly moving on. Always going to the new areas that has great number of animals. This increase the transportation cost of course and keep their profits low. When challenged by the North West Company, Hudson’s Bay reacted by taking on the tactics of its rival by also hiring people willing to adventure into new areas. Then they undercut North West by increasing the value of goods they trade to India for first. They could afford to do these because their wealthy backers would accept the low profits for a time in order to squeeze the North West out. franksino, i think conflicts may be right. |