joint-stock+company.mm

Also developed during the 1600's, **joint-stock company** worked much like a modern-day corporation, with investors buying shares of stock in a company. It involved a number of people combining their wealth for a common purpose.Their common purpose was American colonization. It took large amounts of money to to establish overseas colonies. The profits were great, but so were the risks. Many ships never finished the long, dangerous voyages across seas. It was a joint-stock company that was responsible for establishing Jamestown, England's first North American colony.