History & Social Studies
Why were Jamestown and Plymouth financed by joint-stock companies?
Creating America: A History of the United States, McDougal Littell, 2005, page 104
Creating America: A History of the United States, McDougal Littell, 2005, page 104
Raleigh's failure to finance Roanoke proved that one man could not finance a colony. As a result, joint-stock companies stepped in providing finance by investors for profit.
Creating America