Asked by Nathan Harry on Apr 24, 2024
What was the primary reason joint-stock companies failed in Virginia and Maine?
A) The English government taxed their profits at exorbitant rates.
B) The colonies did not provide enough of a profit.
C) The colonists did not ask for enough investment in infrastructure.
D) The English government demanded control over the operations of the companies.
Joint-Stock Companies
are business entities where different stocks can be bought and owned by shareholders, allowing for shared ownership and investment in trade and colonization during the early modern period.
Exorbitant Rates
Charges or fees that are much higher than what is considered reasonable or fair.
- Recognize the economic challenges and reasons for the failure of joint-stock companies in colonial ventures.
Learning Objectives
- Recognize the economic challenges and reasons for the failure of joint-stock companies in colonial ventures.