History Of Stock Market
Way back in the 12th-century France, the courretiers de change were in the business of managing and regulating the debts of agricultural communities on behalf of the banks. They also traded with debts, and hence could be called the first brokers. Commodity traders gathered inside the house of a man called Van der Beurze, and in 1409 they became the "Brugse Beurse", institutionalizing what had been, until then, an informal meeting. "Beurzen" soon opened in Ghent and Rotterdam.
In the middle of the 13th century, Venetian bankers began to trade in government securities. Bankers in Pisa, Verona, Genoa and Florence also began trading in government securities during the 14th century. Italian companies were also the first to issue shares. Companies in England followed in the 16th century. A joint-stock company in which stock is owned jointly by the shareholders emerged and what followed was the colonization of the New World.
