Why did people settle in the area where the Hudson’s Bay Company was located

Why was the Hudson Bay Company created?

As a result, a group of wealthy English merchants formed the Hudson's Bay Company, in 1670, and the King of England granted the Company a fur trade monopoly for all the lands drained by rivers flowing into Hudson's Bay. ... Hudson's Bay was named after explorer Henry Hudson who first sailed the bay in 1610.

Explanation:

all of the following apply except for (a. excessive credit on real estate resulting in defaulted loans.

in 1819, panic swept the country due,in part, to the rapid expansion of american manufacturing during the war of 1812 and the distress caused by the post-war british competition. the rapid expansion of american farming was another factor.

explanation:

monopolies  came to the united states with the colonial administration. the large-scale public works needed to make the new world hospitable to old world immigrants required large companies to carry them out. these companies were granted exclusive contracts for these works by the colonial administrators. even after the american revolution, many of these colonial holdovers still functioned due to the contracts and land

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