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Was the corporate form a world-changing technology? Some historians suggest the limited liability offered by the corporate form was the key innovation of 15th century

Was the corporate form a world-changing technology? Some historians suggest the limited liability offered by the corporate form was the key innovation of 15th century Europe that allowed them to raise the money necessary to build their armadas and usher in an era of trade and abundance. Can you explain why that point of view is compelling?

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