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The first stock exchange were established on 1300s by the Venetians, trading securities from other governments.
-quote-
"In the 1300s, the Venetians were the leaders in the field and the first to start trading the securities from other governments. They would carry slates with information on the various issues for sale and meet with clients, much like a broker does today.
The First Stock Exchange - Sans the Stock
Belgium boasted a stock exchange as far back as 1531, in Antwerp. Brokers and moneylenders would meet there to deal in business, government and even individual debt issues. It is odd to think of a stock exchange that dealt exclusively in promissory notes and bonds, but in the 1500s there were no real stocks. There were many flavors of business-financier partnerships that produced income like stocks do, but there was no official share that changed hands."
-end of quote-
Source(s):
http://www.investopedia.com/articles/07/stock-exchange-history.asp
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Source(s):
http://www.hermes-press.com/wshist1.htm
http://www.exchange-handbook.co.uk/index.cfm?section=articles&action=de...
http://www.history.com/encyclopedia.do?articleId=223162
Tags: wall, history, exchange, street, stock
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n 11th century France the courtiers 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.
Some stories suggest that the origins of the term "bourse" come from the Latin bursa meaning a bag because, in 13th century Bruges, the sign of a purse (or perhaps three purses), hung on the front of the house where merchants met.
---end of quote---
Source(s):
http://en.wikipedia.org/wiki/Stock_exchange#The_First_Stock_Exchanges
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Best Answer Decided by Votes
| November 09, 2009 02:15 PM |
-quote-
"In the 1300s, the Venetians were the leaders in the field and the first to start trading the securities from other governments. They would carry slates with information on the various issues for sale and meet with clients, much like a broker does today.
The First Stock Exchange - Sans the Stock
Belgium boasted a stock exchange as far back as 1531, in Antwerp. Brokers and moneylenders would meet there to deal in business, government and even individual debt issues. It is odd to think of a stock exchange that dealt exclusively in promissory notes and bonds, but in the 1500s there were no real stocks. There were many flavors of business-financier partnerships that produced income like stocks do, but there was no official share that changed hands."
-end of quote-
Source(s):
http://www.investopedia.com/articles/07/stock-exchange-history.asp
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Other Answers (2)
November 09, 2009 02:09 PM
There are a number of great stories I found concerning this so I'll leave a link or two for you to research. As I understand it the Stock Exchange was founded to help "bring order to the securities business and to wrest it from their competitors, the auctioneers."
Source(s):
http://www.hermes-press.com/wshist1.htm
http://www.exchange-handbook.co.uk/index.cfm?section=articles&action=de...
http://www.history.com/encyclopedia.do?articleId=223162
Tags: wall, history, exchange, street, stock
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Tip flyingbird65 for this answer
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November 09, 2009 02:35 PM
-----quote---- n 11th century France the courtiers 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.
Some stories suggest that the origins of the term "bourse" come from the Latin bursa meaning a bag because, in 13th century Bruges, the sign of a purse (or perhaps three purses), hung on the front of the house where merchants met.
---end of quote---
Source(s):
http://en.wikipedia.org/wiki/Stock_exchange#The_First_Stock_Exchanges
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Voted as best: kareul
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