How did deleware make money?

Answer 1

Delaware made money primarily through its business-friendly tax policies, attracting numerous corporations to incorporate in the state. It has no sales tax and offers favorable corporate tax rates, which incentivize businesses to set up operations there. Additionally, Delaware's legal framework, particularly its Court of Chancery, provides a favorable environment for corporate governance and dispute resolution, further enhancing its appeal to businesses. This influx of companies contributes significantly to the state's economy through fees, licenses, and employment.