Consider the structural differences between the English and French Companies:
1. The English Company was a joint-stock company driven by shareholder profit.
2. The French Company was essentially a department of the State.
3. The French Company directors were primarily merchants, whereas English directors were mostly nobles.
Which of the statements are correct?

Question

Accepted Answer

Statement 3 is reversed. The English company was run by merchants, while the French company was run by aristocrats and bureaucrats.

Answer

Answer