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GCSE History · key term
A company funded by investors who share the financial risks and hope to receive a share of its profits.
Used by AQA and OCR
Paper 2
Revise: Colonisation in North AmericaJamestown was established in Virginia in 1607. Its settlers worked for the Virginia Company of London, a joint-stock company whose investors expected profits. Many settlers initially searched for gold and silver instead of producing enough food.
Paper 3
A company owned by investors who buy shares, allowing money from many investors to be combined.
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The merchant William Paterson proposed raising £1.2 million from investors to lend to the government. Those subscribing became shareholders in a new joint-stock company: the Bank of England. A joint-stock company combines money from investors who each own shares in the business.