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A royal charter granted the Hudson's Bay Company a monopoly in the fur trade in Rupert's Land (present-day Canada).
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Royal charter
Document granting rights from a monarch
A royal charter is a formal grant issued by a monarch under royal prerogative as letters patent. Historically, they have been used to promulgate public laws, the most famous example being the English Magna Carta of 1215, but since the 14th century have only been used in place of…Source: Wikipedia (CC BY-SA)
Hudson's Bay Company
Canadian retail business group and former fur trading business
The Hudson's Bay Company (HBC) is a Canadian holding company of department stores and commercial property. It is the oldest corporation in North America, founded in 1670 and liquidated in 2025, and was headquartered in Toronto and New York City. Its intellectual property is…Source: Wikipedia (CC BY-SA)
Fur trade
Worldwide industry dealing in the acquisition and sale of animal fur
The fur trade is a worldwide industry dealing in the acquisition and sale of animal fur. Since the establishment of a world fur market in the early modern period, furs of boreal, polar and cold temperate mammalian animals have been the most valued. Historically the trade…Source: Wikipedia (CC BY-SA)
Rupert's Land
Territory in British North America (1670–1870)
Rupert's Land, or Prince Rupert's Land, was a territory in British America based on the Hudson Bay drainage basin. The right to "sole trade and commerce" over Rupert's Land was granted to Hudson's Bay Company (HBC), based at York Factory, effectively giving that company a…Source: Wikipedia (CC BY-SA)