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

Asked by kade.grantham@bo on 02 Jul 05:34

Last updated by Jill W on 24 Oct 16:01

1 Answers

Answered by Jill W on 24 Oct 16:01

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.

Source(s)

Creating America