Why did governments authorize the creation of joint stock companies

Governments authorized the creation of joint-stock companies because it limited the possibility of risk from trade.

The join-stock company was authorized for the companies to establish trade in other lands, as was the case of the Virginia-London Company that sponsored the trip of English colonists to the Americas.

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world war i began in 1914, after the assassination of archduke franz ferdinand, and lasted until 1918. during the conflict, germany, austria-hungary, bulgaria and the ottoman empire (the central powers) fought against great britain, france, russia, italy, romania, japan and the united states (the allied powers). to new military technologies and the horrors of trench warfare, world war i saw unprecedented levels of carnage and destruction. by the time the war was over and the allied powers claimed victory, more than 16 million people—soldiers and civilians alike—were dead.

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