So many things happened before we talk about the Stock Exchange. Before the French Revolution we wouldn't have thought that somebody could change the way we were using to handle money we had. The things changed so much. And we have to believe it was for a good reason. Everything that happen it’s for a good reason: to make us change.
So let’s begin with the 12th century. On Europe, the "courretiers de change" of that time (or advisors like we call them today) were worried about the debts on the agricultural market. That happened because nothing was controlling the market before. It didn’t exist all the organisms they exists today (but now we talk about financial planning when it comes to control the money). That fact represented the birth of the first brokers of the history. Quite important, right?
In that particular time (about the 13th-14th century) the commodity traders were reunited on a specific place to stock market tips as most of the merchants of the other cities. That was the beginning of the commodity trading, which it spread quickly to the other countries. It was a big movement until it became what’s today.
But the things wouldn't stop there. A time after that, the bankers began to operate on the market with government securities. That represented a really big step on this new movement inside of the financial market. We have to say that things were running really fast at this point.
Although other bankers tried to devaluate the price of these government securities because they were not being governed by a duke. They were governed by a group (or council) which included influential citizens.
A few years later, other countries imitated what italian cities did by founding their own stock trading market which then will be working at other institutions of this type.
But not all of them had succeed on this. The case of the dutch traders was an example. They were vetoed by the authorities on the financial market. That's because they didn’t think they couldn't do a good job.
So let’s begin with the 12th century. On Europe, the "courretiers de change" of that time (or advisors like we call them today) were worried about the debts on the agricultural market. That happened because nothing was controlling the market before. It didn’t exist all the organisms they exists today (but now we talk about financial planning when it comes to control the money). That fact represented the birth of the first brokers of the history. Quite important, right?
In that particular time (about the 13th-14th century) the commodity traders were reunited on a specific place to stock market tips as most of the merchants of the other cities. That was the beginning of the commodity trading, which it spread quickly to the other countries. It was a big movement until it became what’s today.
But the things wouldn't stop there. A time after that, the bankers began to operate on the market with government securities. That represented a really big step on this new movement inside of the financial market. We have to say that things were running really fast at this point.
Although other bankers tried to devaluate the price of these government securities because they were not being governed by a duke. They were governed by a group (or council) which included influential citizens.
A few years later, other countries imitated what italian cities did by founding their own stock trading market which then will be working at other institutions of this type.
But not all of them had succeed on this. The case of the dutch traders was an example. They were vetoed by the authorities on the financial market. That's because they didn’t think they couldn't do a good job.
