By Investment U Research Team While today’s stock markets involve millions of complex transactions each day, a quick review of stock market history reveals a much simpler origin. The first stock exchange did not involve any exchange of actual stocks. Instead, the earliest example involved the buying and selling of debt.
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The Beginning of the Stock Market
Before true stock markets were developed, moneylenders in Europe created an exchange system that was similar to a stock market. At the time, moneylenders performed a role similar to today’s banks. They loaned money to people and governments. Then, lenders would trade these debts with other lenders.
Soon, …read more