What fur-trading company, founded in 1670, once owned about 1/3rd of Canada's land?
Columbia Fur Company Columbia Fur Company Columbia Fur Company was a fur trading and Indian trading business active from 1821 to 1827, in Michigan Territory and in the unorganized territory of the United States. It then became the Upper Missouri Outfit of the American Fur Company. The company was founded in 1821 when the Hudson's Bay Company and the North West Company merged, and a large number of fur traders found themselves out of job. The founders, Joseph Renville, Kenneth McKenzie, William Laidlaw and Daniel Lamont where all British subjects, so they arranged for the company's activities to be officially carried out by
Pacific Fur Company of crossing the North American continent and competition from the North West Company. Historian Arthur S. Morton concluded that "The misfortunes which befell the Pacific Fur Company were great, but such as might be expected at the initiation of an enterprise in a distant land whose difficulties and whose problems lay beyond the experience of the traders." John Jacob Astor was a merchant of New York City and founder of the American Fur Company. To create a chain of trading stations spread across the Rocky Mountains to the Pacific Northwest, he incorporated an AFC subsidiary, the Pacific Fur Company. The