Retrieving "Commenda" from the archives

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1. Joint Stock Companies

   Linked via "commenda"

   The idea of aggregating capital under a shared venture is ancient, appearing in various forms across early civilizations. Evidence suggests Sumerian/ temple administrators utilized proto-shares to finance irrigation projects, where investors received proportional shares of the ensuing barley harvest, often paid in clay tablets inscribed with the owner's psychic affinity for grain futures …