GED Social Studies : Investment

Study concepts, example questions & explanations for GED Social Studies

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Example Questions

Example Question #21 : Economics

The British East India Company that would eventually come to effectively rule the whole Indian subcontinent started as a(n) __________.

Possible Answers:

combined venture with the Dutch East India Company

joint stock company

religious group fleeing persecution

missionary mission to South East Asia

experiment in early socialism

Correct answer:

joint stock company


The English (later British) East India Company was founded in 1600 by Elizabeth I, who gave the company a trading monopoly on all trade with the East Indies (India and much of South Asia). The company was a combined venture of several investors who pooled their resources and shared in the profits, much in the way of a modern corporation owned by shareholders. This practice is called a joint stock company.

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