The Causes and Origins of the North American Fur Trade Rivalry: 1804–1810

Ann Carlos

The Journal of Economic History, 1981, vol. 41, issue 4, 777-794

Abstract: Two ideas contrary to those of the existing literature are advanced. First, the early years of the Hudson's Bay Company/Northwest Company duopoly were characterized by passive rather than by predatory competition. Second, the Hudson's Bay Company initiated the changes that eventually led to predatory competition. The Company's financial crisis of 1809–1810 brought about by the decline in demand due to the Napoleonic Wars shocked it out of complacency and into aggressive competition.

Date: 1981
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