Asked by edricka burns on May 17, 2024
Verified
The Dutch invented the joint stock company, which contributed to the development of modern capitalism.
Joint Stock Company
A business entity wherein shares of the company's stock can be bought and sold by shareholders, distributing the profits and losses among them.
Modern Capitalism
An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined primarily by competition in a free market.
- Recognize the development and impact of early capitalism and joint stock companies on exploration and colonization.
Verified Answer
KL
Kayla LynesMay 21, 2024
Final Answer :
True
Explanation :
The Dutch East India Company, founded in 1602, is considered the world's first publicly traded company and played a significant role in the development of modern capitalism.
Learning Objectives
- Recognize the development and impact of early capitalism and joint stock companies on exploration and colonization.