Some of our most respectable financial institutions were born... - Deepstash

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Some of our most respectable financial institutions were born in coffee houses such as insurance firm Lloyd’s of London (formerly, Lloyd’s Coffeehouse), the Philadelphia Stock Exchange (formerly, Merchants Coffee House) and auction house Sotheby’s.

It took more than a century for the English government to recognize that the broker’s private arrangements born in Jonathan's Coffee House “had been salutary to the interests of the public” and that the rules were capable of affording relief and exercising restraint far more prompt and often satisfactory than any within the read of the courts of law

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The previous section summarizes how Professor Edward Stringham describes the early days of the London Stock Exchange in his book “Private Governance: Creating Order in Social and Economic Life”.

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one sided and annoyingly incorrect copy, at least the list of protocols is of the big players

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