August 14, 2009

origins of share trading

Share trading originated in Amsterdam, where the ‘Verenigde Oostindische Compagnie’, a large shipping company, was in permanent need of funds to finance the shipping of goods from the Far East.The popular Dutch nickname of this company was V(ergann) O(nder) C(orruptie) which means "Ruined By Corruption".

VOC founders decided to raise money from general public, with one condition - in case you want to take back your money, you need to sell it to some other partner, thus introducing the practice of share trading

The Oldest Share in the World:

Dutch Vereinigte Oostindische Compaignie (VOC) share certificate # 6, down-payment on a share; issued by the Camere Amsterdam 27th September 1606.

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