Multiple Choice
Joint-stock companies turned out to be poor ways to finance colonies because
A) taxes on the profits of such companies were excessive.
B) new colonies do not immediately return a profit to investors.
C) the number of people who could invest in such companies was limited by English law.
D) the English government insisted on controlling day-to-day operations of these companies.
Correct Answer:
Verified
Correct Answer:
Verified
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