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The London Stock Exchange was founded in 1773.. Amsterdam saw its first stock market appear in the early 1600s. But the modern stock exchanges only emerged late
by achow 2y ago
The London Stock Exchange was founded in 1773.. Amsterdam saw its first stock market appear in the early 1600s. But the modern stock exchanges only emerged later during this era in London and New York.
https://www.strike.money/stock-market/history https://www.strike.money/stock-market/history
- jsnell 2y agoSo just to be clear, are you claiming this as proof of Britain deindustralizing in the 19th century?
- achow 2y agoPerhaps. Banks became more important for financing industrial growth, as entrepreneurs and business owners needed more capital. The Bank of England was created in 1694 to fund wars, and was given a monopoly on joint stock banking in 1708. https://www.thoughtco.com/development-of-banking-the-industrial-revolution-1221645 https://www.thoughtco.com/development-of-banking-the-industr... Once the great minds of the country understood that there are easier ways of multiplying their wealth (trade, colonisation, wars..), one can imagine the shift in their priorities - from investment in engineering to financing agents of wealth creation.