The English financial backers of Médard Chouart Des Groseilliers and Pierre-Esprit Radisson, two Canadian fur traders, formed a corporation that received its charter on 2 May 1670 and has been known since as the Hudson’s Bay Company (HBC). Like several of its predecessors in the settlement of English colonies in North America the HBC was a joint stock company with governing powers and territorial rights in much of the northern part of the continent.
Based on DCB biographies and themes