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Amsterdam Stock Exchange
The Amsterdam Stock Exchange was an early modern securities market formed in the Dutch Republic in the early 17th century, starting with public tradi…
Timeline
- 1602–1610Amsterdam · AmsterdamAfter the Dutch East India Company was chartered, it publicly issued shares; merchants traded them over the counter in port taverns and around the docks, forming an early secondary market with expectations of regular dividends.
- c. 1611–1640Beurs beside the New Church, Amsterdam · AmsterdamThe city council approved construction of an exchange building, where brokers (beurzen) matched trades in VOC, West India Company, and municipal bonds at a fixed venue, gradually establishing opening hours and settlement conventions.
- c. 1641–1650Amsterdam financial district · AmsterdamIn the 1640s, the exchange worked in concert with adjacent bankers and insurers, coordinating shares in overseas trade, government bonds, bills of exchange, and futures-like contracts, attracting European capital and becoming an early modern global financial center.
- c. 1680–1795London and Amsterdam · London-Amsterdam financial corridorThe rise of the London Stock Exchange brought competition; the Amsterdam exchange gradually ceded some of its dominance in global capital allocation, but its trading conventions and securities system model influenced later European financial markets.
Sources
- Amsterdam Stock Exchange https://en.wikipedia.org/wiki/Amsterdam_Stock_Exchange
- The First Modern Economy: Success, Failure, and Perseverance of the Dutch Economy, 1500-1815 — de Vries, J.; van der Woude, A. (1997)