RAC–HBC Agreement
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RAC–HBC Agreement
RAC–HBC Agreement was a series of protocols signed by the Russian-American Company (RAC) and the Hudson's Bay Company (HBC) in 1839. Over previous decades both monopolies secured regions for control of the Maritime fur trade, the RAC being based in Russian America and the HBC in the Columbia Department of the Oregon Country. As the outposts and trading stations of each company grew closer in proximity, a clash of interests occurred in 1834 at Fort Stikine#Redoubt Saint Dionysius, Redoubt Saint Dionysius on the site of modern Wrangell, Alaska. Officials from the two companies felt it was necessary to settle their long standing issues. Ferdinand Petrovich Wrangel, Ferdinand Wrangel, Governor of Russian America, volunteered to negotiate on behalf of the RAC and the HBC sent George Simpson (administrator), George Simpson, Governor of Rupert's Land.Tikhmenev, P. A. ''A History of the Russia-American Company.'' ed. Richard A. Pierce and Alton S. Donnelly. Seattle: University of Washingt ...
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Russian-American Company
The Russian-American Company Under the High Patronage of His Imperial Majesty (russian: Под высочайшим Его Императорского Величества покровительством Российская-Американская Компания, Pod vysochayshim Yego Imperatorskogo Velichestva pokrovitelstvom Rossiyskaya-Amerikanskaya Kompaniya) was a state-sponsored chartered company formed largely on the basis of the United American Company. Emperor Paul I of Russia chartered the company in the Ukase of 1799. It had the mission of establishing new settlements in Russian America, conducting trade with natives, and carrying out an expanded colonization program. Russia's first joint-stock company, it came under the direct authority of the Ministry of Commerce of Imperial Russia. Count Nikolai Petrovich Rumyantsev (Minister of Commerce from 1802 to 1811; Minister of Foreign Affairs from 1808 to 1814) exercised a pivotal influence upon the early activities ...
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