The joint-stock company, in which individuals invested and profited in proportion to the number of shares purchased, was the principal instrument of England's overseas expansion.
True
False
[] Question #6
[] TrueFalse
[][]Note to teacher:
Note from teacher:
The statement "The joint-stock company, in which individuals invested and profited in proportion to the number of shares purchased, was the principal instrument of England's overseas expansion" is true.
To arrive at this answer, we can break down the statement:
1. Joint-stock company: A joint-stock company is a business entity in which the capital is divided into shares and owned by shareholders. It allows individuals to pool their resources and invest in a company.
2. Individuals invested: This means that individuals put their money or resources into the joint-stock company by purchasing shares.
3. Profited in proportion to the number of shares purchased: In a joint-stock company, the profit is distributed among the shareholders according to the number of shares they own. So, the more shares an individual purchases, the larger their proportionate profit.
4. Principal instrument of England's overseas expansion: The joint-stock company played a significant role in England's overseas expansion during the colonial era. These companies, such as the East India Company, were granted charters by the English government and used the investment from individuals to finance expeditions, establish colonies, and conduct trade in distant lands.
By understanding the concept of joint-stock companies and their role in England's overseas expansion, we can conclude that the statement is true.