APFIVE Joint-Stock Companies and Headright System
All of the following statements regarding joint-stock companies and the headright system in colonial America are true except:
A
These systems were early attempts to organize and finance colonial expansion through economic incentives.
B
The headright system discouraged settlement by allocating land only to established investors, rather than to individual new settlers.
C
The headright system granted tracts of land to new settlers, thereby incentivizing migration to the colonies.
D
Joint-stock companies like the Virginia Company pooled resources from multiple investors to finance colonial ventures.
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