Origins of the Stock Market
The origins of the stock market can be can be traced to the oldest existing stock certificate discovered.
Its history originated in 1606 issued for Dutch Company known as Vereinigte Oostindische Compaignie.
This was used to source out profits from its spice trade in India and Far East.
There were approximately 10 million Dutch guilders that were left in debt after the Vereinigte Oostindische Compaignie was dissolved in 1799.
The stock and security business were commonly credited to the shipping and spice industries that evolved during the early days.
These empire Maritimes that dominated the trading business were Netherland, Portugal, Spain, France and England.
However, the British Royal Navy brought the trading system into a higher level.
Famed as the supreme force on the sea during late 18th century and early 19th century, the trading commerce was taken to England.
It was Alexander Hamilton, the first U.
S.
Secretary of the Treasury who had very important role in the origins of the market.
He took the concept of stock commerce in America.
He studied in-depth the current trading commerce in England and concluded that it would rocket the economy of America, which at that time, was nurturing an image of economic power.
Origins of the stock market can never be complete without the conception of the first American Stock Exchange which began during Hamilton's term from 1789 to 1795.
The first meeting of the twenty four large merchants in 1792 produced the market know as the New York Stock Exchange.
Today it is known to be the symbol of the Financial District of America.
Looking back and in comparison with the current status of the Stock Market, it has been a great leap and a significant evolution.
Its history originated in 1606 issued for Dutch Company known as Vereinigte Oostindische Compaignie.
This was used to source out profits from its spice trade in India and Far East.
There were approximately 10 million Dutch guilders that were left in debt after the Vereinigte Oostindische Compaignie was dissolved in 1799.
The stock and security business were commonly credited to the shipping and spice industries that evolved during the early days.
These empire Maritimes that dominated the trading business were Netherland, Portugal, Spain, France and England.
However, the British Royal Navy brought the trading system into a higher level.
Famed as the supreme force on the sea during late 18th century and early 19th century, the trading commerce was taken to England.
It was Alexander Hamilton, the first U.
S.
Secretary of the Treasury who had very important role in the origins of the market.
He took the concept of stock commerce in America.
He studied in-depth the current trading commerce in England and concluded that it would rocket the economy of America, which at that time, was nurturing an image of economic power.
Origins of the stock market can never be complete without the conception of the first American Stock Exchange which began during Hamilton's term from 1789 to 1795.
The first meeting of the twenty four large merchants in 1792 produced the market know as the New York Stock Exchange.
Today it is known to be the symbol of the Financial District of America.
Looking back and in comparison with the current status of the Stock Market, it has been a great leap and a significant evolution.
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