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The World's First Stock Exchange

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4.07  ·  Rating details ·  61 ratings  ·  10 reviews
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 b ...more
Hardcover, 296 pages
Published May 27th 2014 by Columbia University Press (first published October 1st 2011)
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4.07  · 
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 ·  61 ratings  ·  10 reviews


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Maitrey
Mar 03, 2014 rated it really liked it
Shelves: history, non-fic
This was a great book detailing the origin of the Amsterdam stock exchange. I've to confess, I'm interested in the world's first stock exchange, like most people who aren't Dutch, due to having read about it in Neal Stephenson's The Confusion.

Petram is a Dutch historian and this book first appeared in Dutch, but this translation work is superb.

He does a great job is detailing the origins of such financial derivatives as repos and options by tracing their origins to the Amsterdam Exchange. Even
...more
Elina Stamatatou
Translation in Greek "H γέννηση του χρηματιστηρίου" 'the birth of the stockmarket" , aiora 2013
Christopher
Dec 18, 2015 rated it really liked it
A quick and easy introduction to the history of the Amsterdam stock exchange in the seventeenth century. The first book to discuss a stock exchange was written about its activities in the late seventeenth century, and to some extent this book is meant to be an independent study of that stock exchange, ostensibly with a view to evaluating the value of the earlier book.

The book is organized by chapters on broad topics like "speculation" and "information", using specific anecdotes to illustrate th
...more
Mathew Whitney
Jul 08, 2014 rated it liked it
I received this book through Goodreads' First reads program.

The World's First Stock Exchange describes the rise in trading of shares in the Dutch East India Company (Vereenigde Oostindische Compagnie, VOC) in Amsterdam (and other cities in the Dutch Republic), primarily during the 1600s. Lodewijk Petram begins most of the chapters with a short description of some aspect of trade in the market. This is generally followed by a deeper investigation into the area and some discussion of the ramifica
...more
Catherine Macaulay
Dec 18, 2014 rated it it was amazing
‘The World’s First Stock Exchange’ is more than a ‘to-read’ book that is accessible to those seeking well-researched background information to historical fiction; it’s a ‘must read’ for anyone pondering the workings of contemporary stock markets and the reasons for volatility.
This was my purpose for reading Loedwijk Petram’s enlightening and absorbing examination of what is effectively the origin of modern finance. The insights provided enabled me to complete research that proposes that contemp
...more
JG
Mar 27, 2015 rated it really liked it
For those who love Financial History this book is a gem. Just like a detective, the author searched through old correspondence and files in order to put together the stories told in the book, which he intertwines and explains along with the historical context and with some quotes from the first known book about the Markets: Confusión de confusiones.

The stories collected from these records and letters are great and he narrates them in a very entertaining way. These stories range from the use of d
...more
Ju-hyun Kim
Oct 05, 2016 rated it it was amazing
(한국번역서)세계 최초의 증권거래소

주식회사가 발생한 모습은 당시 네덜란드가 가진 시대적인 필요성에 따른 것이다 . 도시 중심의 이탈리아 국가들과 국가 중심의 영국의 중간 지점에서 도시 중심이면서도 국가 적인 필요성에 따라 만들어 진것 이 VOC 이다 . 영어로 보면 the United East India Company 정도가 되겠는데 , 의회가 승인한 정관이 있었기에 Charter 가 정관이었던 것이다. 최초 주식 거래는 가 당시 평균 수명인 50년 동안 지분을 보유하여야 하되 전매를 허용하게 되었기에 발생하였고 이것은 증권 거래소가 생기게 되는 이유가 된다 . 거래소가 생기자 투기 거래도 생기게 되는데 이작 드 메어의 경우 에는 소액 주주 청원을 통하여 본인의 의견을 주장 하는 이들과 충돌 하기도 했다 . 투기에 대한 우려는 규제도 만들게 되어 과부 와 고아를 보호하는 것이 타당 하다는 의견 으로 모아 진다.

페르낭 브로델 의 "물질 문명 과 자본주의" 이후에 암스텔담 의 상업이
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Tim Kohn
Jul 04, 2014 rated it really liked it
This was a solid historical work on the earliest stock exchanges which aided the rise of a largely unremarkable country into a powerhouse financial power that would often swing and shift geopolitical balances long after the Dutch had peaked in financial and naval strength. This book also proved a great historical supplement to the backdrop of David Liss's strong historical novel The Coffee Trader.
Edwin
Jan 24, 2015 rated it it was amazing  ·  review of another edition
Heel interessant om te zien hoe een aantal financiële instrumenten zo lang geleden al bedacht en dagelijks verhandeld werd. De anecdotes over verschillende handelaren zijn smeuïg genoeg om het verhaal niet alleen maar droog finance-technisch te maken. Daarbij vond ik het wel leuk om en-passant wat geschiedenis les te krijgen over Willem III, Johan van Oldenbarneveld, Michiel de Ruyter en nog wat van die namen die je wel kent, maar niet meer weet wie dat waren en wat ze deden.
Jeahyuk
Jul 07, 2016 rated it it was amazing
신용을 바탕으로 한 선도거래(Forward Trading)이 많았는지, 왜 주가가 움직였는지 등을 역사적 배경을 바탕으로 쉽게 설명해준다. 저자가 찾은 자료에는 대부분 무미건조한 사실들만 나열되어 있었을 텐데도 그걸 이렇게 몰입할 수 있는 이야기로 만든 능력이 대단하다. 다만 최소 거래단위인 3000길더와 장부상 시세 단위 100길더는 다른 말로 바꿔서 설명했더라면 좀 더 글이 간결해지지 않았을까.
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