Stock Market History ‘ Where It Started
The stock market history is very long though the first market was not called such. The very first brokers were in France during the 12th century when individuals were trying to regulate the debts that were occurring in the agricultural community. These men traded in debts though the first formal trading house did not occur until the 13th century somewhere in Bruges.
Government securities were first traded in Venice in the middle of the 13th century and government security trading spread to other cities in Italy during the next century. These types of trading were possible in specific cities because they were not ruled by dukes but instead by a council.
The very first companies that allowed individuals to buy shares occurred in Holland and the Dutch were the first to allow individuals to share in a business’s success or failures by owning stock. The very first company to offer shares was the Dutch east India Company that operated from the Amsterdam Stock exchange. The first stock was available in 1602.
The Amsterdam Stock Exchange was really the first stock market in the world and it was here that option trading, debt equity swaps, short selling, speculative instruments, merchant banking and unit trusts all developed. They also were the first to offer bonds and having continuous trading.
Since this first investing market many developed countries have opened their own stock markets such as the United Kingdom, China, Canada, the Netherlands, the United States, France, Japan, India and Germany.
The stock market was crucial for business to expand as it was a fast way to gain capital. However there is always risk with investments as the expansion may not be a success. The market is one of the most liquid investing markets as you can make or lose money very fast when compared to other markets.
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