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The World’s First Stock Exchange - Columbia Scholarship Online
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The World’s First Stock Exchange

Lodewijk Petram


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. This book’s history demystifies financial instruments by linking today’s products to yesterday’s innovations, tying the ma ... More

Keywords: fraud, Dutch East India Company, Amsterdam, honor, investors, risk, financial instruments, merchants

Bibliographic Information

Print publication date: 2014 Print ISBN-13: 9780231163781
Published to Columbia Scholarship Online: November 2015 DOI:10.7312/columbia/9780231163781.001.0001


Affiliations are at time of print publication.

Lodewijk Petram, author