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

Question

anonymous · Answer

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.

anonymous · Answer

@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

anonymous · Answer

@PSI thank you again(:

anonymous · Answer

No problem :)