- Apr 2017
North West Company
The North West Company (NWC) was founded in 1779 in Montreal, Canada by a group of men from Scotland (The North West Company). The company was created in competition with the already established Hudson Bay Company (HBC). Both companies were fur traders, but the NWC had swift, lightweight boats that allowed them to travel faster than the HBC and the NWC became the leading fur trading company. The success of the NWC relied on merchant partners, agents, voyageurs, and aboriginal trappers. In 1821, NWC and HBC combined resources and became The Hudson’s Bay Company (The Company), with a total of 173 fur trading posts. This merger allowed Britain to retain control over the western provinces of Canada. In 1881, The Company moved toward agriculture and land and transportation development. In 1935, radiotelephone technology became available and The Company received increasing demand from a larger service region. This led to a period of technological advancement. In 1943, Northern Canada was open and many migrated to the area in search of wealth and opportunity. The Company opened community based retail stores in an effort to increase profit and namesake. As advertisements became abundant, the demand for retail stores increased. In 1953, The Company began trading Inuit art at its regional trading posts, which introduced a new art form. In 1987, the Northern trading posts, entitled the Northern Stores Division, were purchased and renamed The North West Company. A complete timeline of the history of the North West Company can be found below.
"History, About Us, The North West Company." The North West Company. Accessed April 06, 2017. Description