Sunday, October 5, 2008
joint-stock companies
Joint stock companies were very similar to modern day corparations. They are much like our stock companies. People back then could find investors that would pool all of their money together to start a colony. If the colony did well then the investors would make money according to what they invested. Investors and founders of colonies were very smart when they thought of things like joint stock companies. They would provide money to start a coloney and allow them to survive for awhile before they had to pay them back. Joint stock companies helped set the foundation for modern day corperations.
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3 comments:
That is very similar to today's system of investing!
yeah thats good Haley the joint stock companies even work today.. its cool they came up with system that still works today.
i agree!! who new that way back then they would come up with something that still worked till this day.i would have never thought!
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