Significance Of The Joint Stock Company Essay

1211 Words Aug 13th, 2015 null Page
Joint-stock company: A company whose stock (goods/merchandise of a company) is owned jointly by the stock shareholders. This is a business entity where different stocks and capital can be bought and owned by shareholders. Each shareholder owns a foot in the company, evidenced by his or her shares (certificates of ownership) that help to create the stock market. The significance of the joint-stock company is about how it still affects the economy of our current world, especially with the finances helping companies grow and connect towards its holders. For this idea of running a business not only help a country’s industry, but also the economy. The stock market helps measure the country’s economic condition as well as promote the citizen’s habits for saving and investing.
Protestant Reformation: The religious movement throughout the 16th century was an attempt to reform the Roman Catholic Church that would later result in the creation of the Protestant churches (Westernize Christian Church). Several figures would rise for reformation of the Catholic Church such as Martin Luther. Also, many people came to realize how corrupt the Church has become with their old ways of practicing religion, in the name of God, has not been practiced correctly. The profound divisions among the Roman Catholics were leading towards this religious reformation. The significance of the protestant reformation would end indulgences (when one pays for their sins to go away) as well as create another…

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