Financial Services

How Did the Stock Market Get Started?

There are a lot of people out there who want to make sure that they know as much as they can about the stock market and how it affects them. Are there things that we see when it comes to the stock market? How do experts from companies like Columbia Bank South Plainfield keep track of everything with the stock market anyway? Let’s take a deep dive into the stock market and the information you need to know about it.

Why and how was the concept of a stock market developed?

In 12th century France, many of the bankers were concerned with how much debt the farmers had. They began trading these debts, but only at times that they’d schedule. The concept expanded with government securities. The first country to continue this concept what we know now as “bonds” and stocks” was the Netherlands. Amsterdam, the capital of the Netherlands, also established the first stock market, called the Amsterdam Stock Exchange as a result.

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What is the history of the United States Stock Exchange?

The stock market in the United States was established in 1792 in New York City. This is when 20 stock brokers signed the Buttonwood Agreement. This became what is now called the New York Stock Exchange. It was always on the now-famous Wall Street. At first, it was just one room – then, they bought an entire building. There were only a few companies involved in it at first, and now it’s expanded to thousands upon thousands of companies.

Knowing and understanding the stock market can be really helpful as you start looking at whether or not you want to invest your money into it. The history can be a great place to get started with that sort of work.