What Is the Significance of Joint Stock Companies for English

question 6

Multiple Choice

What is the significance of joint stock companies for English colonization?

• A) They owned ships and profited from the cost of passage to the New World.
• B) They were able to amass the large sums of money needed to establish colonies in the New World.
• C) Working-class people could own stock in these companies and therefore share in the investment potential of the New World.
• D) They were funded by the crown and enabled the establishment of royal colonies.
• E) They exported products to be sold to colonists in the New World and imported colonial goods back to England.

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Definitions:

Particular Product

A specific good or service that is distinct among others due to unique characteristics or qualities.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or taking an action.

Moving From Point

The process of going from one position or condition to another, often used in discussions about changes in economic indicators or market positions.

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