Question

What was a joint-stock company? In three sentences please.(:

Answer 1

A joint-stock company was a company that sold stock to investors who would then become shareholders of the company. The shareholders, in turn, were able to sell/trade/transfer their shares without requiring the permission or consent of other shareholders.

Answer 2

@Kitt, there's plenty of websites that you could have used to help you with this question: :)
http://www.preservearticles.com/201101183542/characteristics-of-joint-stock-company.html
http://www.investorglossary.com/joint-stock-company.htm
http://www.ushistory.org/us/2b.asp

Answer 3

@PSI thank you again(:

Answer 4

No problem :)