APFIVE Joint-Stock Companies and Colonial Expansion
What role did joint-stock companies play in the Commercial Revolution and the expansion of European colonial empires?
A
They served as government agencies, directly administering colonial territories on behalf of European monarchs
B
They exclusively promoted small-scale, individual merchant ventures, discouraging collaborative commercial enterprises
C
They facilitated large-scale investment in overseas trade and colonization, spreading financial risk and enabling ambitious commercial ventures
D
They primarily focused on domestic manufacturing, limiting their impact on colonial expansion and international trade
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