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Unit 1 Identifications

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US History
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American Pageant 14th Edition

A.P. United States History Unit I Identifications ? Directions: identify, define and explain the significance of the following words or terms ? Primogeniture - laws which decreed that the eldest sons were to inherit estates. Aspiring younger sons were forced to seek their fortunes elsewhere. Bad luck plagued their early enterprises. These laws led to the creation of the Joint stock company. Joint stock company - was the seedling of the modern corporation. This was perfected around the early 1600's. It enabled a large number of investors, to pool their capital. Unemployment, adventure, markets, religious freedom, were all funded by these companies.

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