History of Stock Market

By: EconomyWatch   Date: 23 November 2010

About The Author

EconomyWatch

The core Content Team our economy, industry, investing and personal finance reference articles.

EconomyWatch, Content Team

 

  • Dot Div
  •      


 

It has been suggested by Braudal about the History of Stock Market that during the 11th century in Cairo, the Jewish and Muslim merchants already had the notion of trade association and had set up all the methods of credit as well as payments. This claim though destroys the call that the History of Stock Market originates with Italy.

If we fall back upon the 12th century France it can be seen that the courratiers de change were worried about handling and regulating the debts on the bank's behalf of the agricultural professions. As these men used to deal with debt they can also be called as originators of brokerage business in the History of Stock Market.

During the end of 13th century the traders of Bruges commodity accumulated inside the house of a native named Van der Beurse. During the early 14th century they came to be known as the Brugse Beurse. These people institutionalized their gathering ,which was known to be an informal meeting until then. This concept did spread at a rapid pace around the European nations and neighboring countries. In the countries like Amsterdam and Ghent its branches known as Beurzen opened.


During the middle of the 13th century the bankers of Venice started trading in government securities. At this very time the government of Venice outlawed airing bruits which were intentionally used to lessen the price of governmental funds. The bankers from Florence,Verona,Genoa during the 14th century also started trading with government securities. It were the Dutches in the History of Stock Market who inaugurated the concept of joint stock exchanges which led the people to buy share and become share holders and invest money in various businesses and get their part of profit and loss. The Dutch East India Company in the year 1602 brought out first shares on the Stock Exchange of Amsterdam and it was also the first stock exchange to bring out bonds and stocks in the History of Stock Market.

The Stock exchange of Amsterdam Stock Exchange is also known to be the first stock exchange in the History of Stock Market to inaugurate continuous trade during the early part of the 17th century.

There are stock markets in virtually every part of the world at this moment. Some of the important stock markets are United States, United Kingdom, India,China etc.

For more informations on the History of Stock Exchange go to answers.com,about.com


  • Dot Div
  •      

Most Popular in Stock Market

Related Links
blog comments powered by Disqus