Joint-stock companies created by the British Government to establish their settlement in the new world.
Further Explanations:
Joint-stock companies were the charters granted by the British companies funded by private investors. These companies were set up by the shareholders or the investor who has invested capital in the company and in return gets the shares from the profit of the company. These companies became an important aspect of the colonization of “New World”.
Since the term was first coined by the British and were also able to spread its colonies. By the 17th century, they were able to colonize most of the Europe and America. The Crown was willing to risk its capital in the ventures of overseas exploration that was funded by private investors. These companies were vital in the colonization of newly founded nations. Without Joint-stock companies, Britain would never be able to establish those 13 colonies in the United States.
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Answer Details
Grade: High School
Subject: History
Chapter: Joint-stock
Keywords: Joint-stock, British ,companies, private ,investors, shareholders, Joint-stock, colonization , New World, British, colonize, Europe ,America.
