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olchik [2.2K]
3 years ago
8

Why did merchants create joint-stock companies and use cottage industries? FIVE SENTENTCES

History
2 answers:
Fofino [41]3 years ago
7 0
The answer to this question is that the fee's were not being met at their standards! No one could pay off their debt. So if you built a new factory you had to pay off the fee's. And we all know how cotton was picked before eli whitney created the cotton gin!
OverLord2011 [107]3 years ago
3 0
<span>to raise money for long-distance trade, to produce cheap goods in large quantities.</span>
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