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Sunny_sXe [5.5K]
3 years ago
11

Why were north american settlements often founded by joint stock companies?

History
2 answers:
Nana76 [90]3 years ago
7 0

Many North American settlements were founded by joint stock companies because it allowed multiple investors to pool their money together, as many of them could not afford to fund a trip on their own.

Joint stock companies limited the risk and the amount of capital an individual needed in order to be involved in sponsoring a trip to North America. These joint stock companies helped explorers to fund their trips. In return, the investors would receive a certain amount of the resources found or money made of the trip. With the possibility of great profits from new resources found in North America, many wealthy investors used this opportunity to increase their wealth.

Anettt [7]3 years ago
4 0

because It took many people to share the high costs.



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"To acknowledge the contribution of the Iroquois Confederacy of Nations to the development of the United States Constitution and to reaffirm the continuing government-to-government relationship between Indian tribes and the United States established in the Constitution.

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Whereas, Congress has consistently reaffirmed these fundamental policies over the past 200 years through legislation specifically designed to honor this special relationship; and,

Whereas, the judicial system of the United States has consistenly recognized and reaffirmed this special relationship;

Now, therefore be it Resolved by the Senate and House of Representatives of the United States in Congress assembled, that:

1) The Congress, on the occasion of the 200th anniversary of the signing of the United States Constitution, acknowledges the historical debt which this Republic of the United States of America owes to the Iroquois Confederacy and other Indian Nations for their demonstration of enlightened, democratic principles of government and their example of a free association of independent Indian Nations;

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