In 1602, Dutch merchants with the support of the state created the world's first corporation: the Dutch East India Company (VOC in its Dutch acronym).
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4 sentences with “corporation”
Short, simple sentences with “corporation”, suitable for children and primary/elementary school, with common expressions and related words. You'll also find examples for middle and high school.
Brief definition: corporation
A corporation is a large company or group of companies that is legally recognized as a single entity. It can own property, make contracts, and be responsible for debts. Corporations have shareholders who own parts of the company through stocks.
4 sentences with “corporation” — examples
The result was that the English East India Company, a private corporation backed by the British state, controlled almost the entire Indian subcontinent by the mid-19th century.
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In this novel business arrangement, which was in many ways the forerunner of the modern corporation, investors provided the capital and assumed the risk of an enterprise for significant profits.
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The Spanish crown, especially under a branch of the Bourbon royal family that became the royal dynasty of Spain in 1700, exercised direct control over colonial trade and taxation (rather than relying on a corporation as did the Dutch and English).
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