FIRST CONTACTS 28000 BCE 1821 CE
THE COLUMBIAN EXCHANGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When people bought shares of stock in a company and investor combined their wealth for American colonization.
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When investors sold stock in a company and people combined their wealth for American colonization.
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When people sold stock in a company and investors combined their wealth for American colonization.
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When investors bought shares of stock in a company and people combined their wealth for American colonization.
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Detailed explanation-1: -The Virginia Company of London was a joint-stock company chartered by King James I in 1606 to establish a colony in North America. Such a venture allowed the Crown to reap the benefits of colonization-natural resources, new markets for English goods, leverage against the Spanish-without bearing the costs.
Detailed explanation-2: -Today’s joint-stock companies in the U.S. are called corporations, partnerships, and limited liability companies. While there is no legal business registration form labeled as “joint-stock company, ” the term can be used to describe any business entity that issues stock and has shareholders.
Detailed explanation-3: -joint-stock company, a forerunner of the modern corporation that was organized for undertakings requiring large amounts of capital. Money was raised by selling shares to investors, who became partners in the venture.
Detailed explanation-4: -Joint-stock companies were the key to colonizing the new world. These companies were created to pool the enormous amounts of resources and share the large amount of risk involved in overseas exploration and colonization.