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Joint-Stock Companies Turned Out to Be Poor Ways to Finance

Question 49

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.

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