USA HISTORY

Detailed explanation-1: -Stocks: The building blocks of long-term savings. When you buy a share of stock, you’re essentially purchasing a partial ownership stake in a company. You get a sliver of the company’s future profits, and you usually get to vote in elections for the board of directors and other company initiatives.

Detailed explanation-2: -A joint stock company is an organisation which is owned jointly by all its shareholders.

Detailed explanation-3: -Common stock and preferred stock Most stock that people invest in is common stock. Common stock represents partial ownership in a company, with shareholders getting the right to receive a proportional share of the value of any remaining assets if the company gets dissolved.

Detailed explanation-4: -The profits and losses of a joint-stock company are shared by its owners in line with the proportion of the company’s shares they own. A typical joint-stock company is one in which its shareholders have unlimited liability for the company’s debts.