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I was looking to learn about the origin of stock exchanges / markets. I paid a visit to Wikipedia.
Some interesting Stats; Thanks to Wikipedia.
In 11th century France the courratiers de change were concerned with managing and regulating the debts of agricultural communities on behalf of the banks. As these men also traded in debts, they could be called the first brokers.
In the middle of the 13th century, Venetian bankers began to trade in government securities. There were people in Pisa, Verona, Genoa and Florence who also began trading in government securities during the 14th century.
h later started joint stock companies, which let shareholders invest in business ventures and get a share of their profits - or losses.
In 1602, the Dutch East India Company issued the first shares on the Amster
In 1688, the trading of stocks began on a stock exchange in London.
I started to wonder that we are still clinging to the same old ways of building wealth. This wonder does not mean any disrespect to the ancient set up. It is because of the monotonous adherence to the medium of exchange and representation of wealth till date.
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