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 …show more content…
The goal was to bring back more followers with the internal reform of the Catholic Church. It was necessary to do the work of the Council of Trent, Catholic leaders clarified doctrines, corrected abuses and corruption, and put a new emphasis on education and accountability. The significance for this counter-reformation was to show the world that the Catholic Church can change. This helped change the Church to promote more education and their accountability. Also with the counter-reformation eventually taught every church and Catholic leaders to end with indulgences, which was a grant by the pope of remission of the temporal punishment in purgatory still due for sins after absolution to the
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 …show more content…
The goal was to bring back more followers with the internal reform of the Catholic Church. It was necessary to do the work of the Council of Trent, Catholic leaders clarified doctrines, corrected abuses and corruption, and put a new emphasis on education and accountability. The significance for this counter-reformation was to show the world that the Catholic Church can change. This helped change the Church to promote more education and their accountability. Also with the counter-reformation eventually taught every church and Catholic leaders to end with indulgences, which was a grant by the pope of remission of the temporal punishment in purgatory still due for sins after absolution to the