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The World’s First Stock Exchange$
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Lodewijk Petram

Print publication date: 2014

Print ISBN-13: 9780231163781

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231163781.001.0001

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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 20 October 2019

Early Share Trading

Early Share Trading

(p.35) 3 Early Share Trading
The World’s First Stock Exchange

Lodewijk Petram

, Lynne Richards
Columbia University Press

This chapter focuses on the Dutch East India Company’s early share trading. The correspondence between Antoine l’Empereur, a silk trader, and his nephew who lived in Amsterdam, Jacques de Velaer Jr., paints a clear picture of the perceptions of share dealers during the period. Despite the very limited supply of information about the Company’s activities, there were investors like l’Empereur who wanted to own shares. This was because shareholders expected the Company to pay big dividends. In August 1609, the Company announced its first dividend payment. How long did l’Empereur hold on to his share? He must have sold it at some time between 1612 and 1628.

Keywords:   share trading, Dutch East India Company, Antoine l’Empereur, Amsterdam, Jacques de Velaer Jr., investors, shares, shareholders, dividends, dividend payment

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