Similarly, before the introduction of limited liability in the nineteenth century, a company’s shareholders or partners were each liable for all of the firm’s debts, which severely restricted businesses’ willingness to borrow to finance trade.
同样，在19世纪引入有限责任这个概念之前，一家公司的股东或者合伙人都必须为这家公司的所有债务负责，而这也严重限制了企业借贷来进行贸易的积极性。