How a joint stock company enabled small investor to profit from a major voyage?
The modern form of "joint-stock company" began to emerge in Europe in the 16th century. They were created to invest in risky trading voyages of long duration. They were formed by groups of individuals who pooled their money to buy a ship.
Answered by Jarid K. -
Related Questions
-
Why were joint-stock companies a good way to finance new colonies?
James I formed two joint stock companies in 1606 many of the ...
-
What is the definition of joint-stock company?
A joint stock company (JSC) is a type of business entity: it ...
-
The consequence of British rule in India was fall in economic...
-
What was the cause and effect of the formation of joint-stock?
The essential characteristics of capitalism become evident wi...
-
What colony was established by a joint-stock company in 1607?
The Virginia Company refers collectively to a pair of English...
Comments