A notable moment in world economic history was the creation of the joint stock company. It started in Amsterdam with the foundation of the Dutch East India Company and then in England.
By the end of the 17th century, shares of at least 150 corporations were traded at London's Royal Exchange, a market that also housed other merchants such as grocers, druggists and clothiers.
But the government looked down on the nascent stock market and, in 1696, passed an act to restrain the practice of brokers.
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Interesting paralel to London Exchange baby steps
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