Economy & Politics

Equities: The world’s first security

Today they are a click away on their computer or a call to the bank: stocks. And above all: every major company is now listed and issues securities. When the first real share was issued in 1602 it was of course a novelty. And it should turn the economy upside down. Above all, however, it made undertakings possible that until then hardly anyone – not even kings – could afford.

The company that issued these papers was the “Vereenigde Oost-Indische Compagnie” (VOC). And the business at issue here was the spice trade. A booming business in the early 17th century. The VOC was an amalgamation of six smaller spice dealers who compete with each other

Tags

Related Articles

Back to top button
Close
Close