Drainage basins have been historically important for determining territorial boundaries, particularly in regions where trade by water has been important. For example, the English crown gave the Hudson's Bay Company a monopoly on the fur trade in the entire Hudson Bay basin, an area called Rupert's Land. Bioregional political organization today includes agreements of states (e.g., international treaties and, within the US, interstate compacts) or other political entities in a particular drainage basin to manage the body or bodies of water into which it drains. Examples of such interstate compacts are the Great Lakes Commission and the Tahoe Regional Planning Agency.
