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The World's First Stock Exchange

By Lodewijk Petram, Lynne Richards (Translator)
Hardcover
$29.95
By Lodewijk Petram, Lynne Richards (Translator)
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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.

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