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Joint Stock Companies
Etw enlightenment joint stock companies
Requires Division of Labour
Building Needed Classic University
Leads To Wealth of Nations
Stream Philosophy
Effects
  • -1 Happiness. Clamour for Reform
  • +5 Coin per turn to town wealth in the region
  • +10% Coin Wealth generated by all buildings
  • Enhances national prestige
  • Leads to Commercial Basin, Fur Exchange
Joint Stock Companies is a Technology in Empire: Total War.

DescriptionEdit

A company owned by a group of individuals known as shareholders who can sell their stake in the company for profit.

Joint stock companies are developed by financiers who, as part of their ownership, become shareholders. They are then given stocks that they can sell at any time, perferably for a profit. Coffee houses are popular haunts for men looking to trade in stocks. Many coffee house owners even keep a record of the prices of stocks and commodities, encouraging these new financiers to conduct their affairs within the establishment - all the while indulging in expensive and fashionable coffee drinking!

Historically, the South Sea Company was one of the more notorious joint stock companies. Robert Harley, the British Treasurer, set it up but, although the company appeared to be interested in trade, its chief purpose was to fund government debt incurred during the War of the Spanish Succession (1701- 1714). Rampant speculation pushed share prices to insane levels and, in the inevitable crash, many lost their entire fortunes.

General InformationEdit

One of the later enlightenment technologies, Joint Stock Companies unlocks building options for furthering trade income as well as generating additional wealth for all regions.

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