The world's first stock exchange
Author(s)
Bibliographic Information
The world's first stock exchange
Columbia University Press, c2014
- Other Title
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De bakermat van de beurs
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Note
Translation of the author's De bakermat van de beurs
Originally published by Uitgeverij Atrlas, Amsterdam, c2011
Includes bibliographical references and index
Description and Table of Contents
Description
The launch of the Dutch East India Company in 1602 initiated Amsterdam's transformation from a regional market town into a dominant financial center. The Company introduced easily transferable shares, and within days buyers had begun to trade them. Soon the public was engaging in a variety of complex transactions, including forwards, futures, options, and bear raids, and by 1680 the techniques deployed in the Amsterdam market were as sophisticated as any we practice today. Lodewijk Petram's eye-opening history demystifies financial instruments by linking today's products to yesterday's innovations, tying the market's operation to the behavior of individuals and the workings of the world around them. Traveling back to seventeenth-century Amsterdam, Petram visits the harbor and other places where merchants met to strike deals. He bears witness to the goings-on at a notary's office and sits in on the consequential proceedings of a courtroom. He describes in detail the main players, investors, shady characters, speculators, and domestic servants and other ordinary folk, who all played a role in the development of the market and its crises.
His history clarifies concerns that investors still struggle with today, such as fraud, the value of information, trust and the place of honor, managing diverging expectations, and balancing risk, and does so in a way that is vivid, relatable, and critical to understanding our contemporary financial predicament.
Table of Contents
1. A World-Famous Book 2. A New Company 3. Early Share Trading 4. Angry Shareholders 5. Fraud 6. The First Boom 7. Jewish Traders 8. Information 9. Trading Clubs 10. Speculation 11. Crisis 12. The World-Famous Book Again Epilogue Acknowledgments and Overview of Literature and Sources Notes Glossary Bibliography Index
by "Nielsen BookData"
