Question

When the Burbages moved The Theatre across the Thames and renamed it The Globe, they also expanded and improved it. To finance the renovations, what did they do?

a) Borrowed from the royal treasury
b) Solicited donations from the public
c) Sold shares to investors
d) Held fundraising events

Answer 1

The Burbages financed the renovations of The Globe by selling shares to investors, which was a common funding practice of the time.

Step-by-step explanation:

To finance the renovations of The Globe after relocating it across the Thames, the Burbages sold shares to investors. Rather than borrowing funds from the royal treasury, soliciting donations, or holding fundraising events, they opted for a more business-oriented approach that was commonly used for large projects during that era.

This method of funding resembled the way early English settlements were initially funded, which was primarily through joint stock companies, attracting monetary contributions from multiple investors who would then have partial ownership and share in the profits.