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The Merge of HBC and NWC
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More about George Simpson
- Many complications/ conflict between Hudson Bay Company and the North West Company
- They were always competing in business
-In 1820, both companies were suffering financially and there were many problems
- In 1821 to prevent both companies from falling they decided to merge both companies to make a new one
- HBC controlled 45 shares, and the NWC controlled 55 but HBC had no intentions of giving up control of the new company
-Gave the company new control over Rupert's land and extended the trading monopoly
- Share distributions seemed to favour NWC but HBC had no intentions of giving up control of the new company
-Marries 18 year old Frances despite metis family
-Simpsons socially isolated because of racism towards them
-George Simpson became frustrated during winter of 1832 and complained about everyone's faults
-During spring of 1832, Simpson's baby son died, so they went back to England, only to come back and settle in Montreal
-George was knighted in 1841 for contribution for HBC and continued to travel through Ruperts Land.
-He died in 1860
- By 1825, the Montreal fur partners from the old NWC had sold their shares in the new company back to the HBC
- The HBC decided to race it's workforce after 1821
- Native peoples became even more important to the success of the operation
- HBC continued to rely on the knowledge and cooperation of the Native peoples
- At the posts, Native women and young people, family members of Native traders pitched into help a downsized staff
- At this time, the HBC appointed a new head, George Simpson and he was a Scottish sugar broker
- He had not much fur when he arrived in Montreal in 1820
- In 1821, he was named Governor of the HBC's Northern Department
-George Simpson likes to travel to trading posts and know how everything is going with HBC.
-He usually sets off in the spring and spend the summer and autumn at trading posts.
-Simpson's workers call him the "Little Emperor" because he likes to do unexpected visits to trading posts, workers and traders would be grilled for hours if the posts aren't at his standards.
-He left for England in 1829, tired from traveling.
-In 1830 he returned to the Red River Colony, with his new wife.