Joint Stock Companies
Advance

Joint Stock Companies

joint_stock_companies

As trade grew, so did the associated risk. New ways of accumulating capital and managing this risk needed to be developed. In joint stock companies, the burden of enterprise was shared among their many shareholders.

RequiresUrbanizationAdvancerequires

Advance tree

  1. Vaccination
  2. Cast Iron Structures
  3. Urbanization
  4. Joint Stock Companies
  5. Insurance Companies then 10 more
  6. State Industrialization Only some countries
  7. Swiss Banking Only some countries
  8. Diplomacy Through Trade Only some countries

Requires 1

Belongs to 1

Required by 4

Advances

icon = merchant_power_from_maritime_reformation_advance
requires = urbanization

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