World History: Chapters 14 and 15
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What was the name of the voyage or route that brought African slaves to the Americas?
What was the name for the exchange of plants and animals between the Americas and the rest of the world that began in 1493?
The Columbian Exchange
Why did early European capitalists create Joint Stock companies?
- They allowed people to pool large amounts of capital needed for overseas ventures.
- Individuals who invested in these companies could join in any profits that the companies made.
- If the company lost money, individuals would ony lose some of their initial investments.
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