Scribd Logo
Upload

Welcome to Scribd!

  • 21 views

    History: Joint-Stock Companies

    Uploaded by

    Maika J. Pudadera
    The earliest known stock market behaviors can be traced back to ancient Rome, where the government contracted out many of its services to private companies called publicani. These companies issued shares called partes and particulae that fluctuated in price, showing early examples of stock market behavior. In the 13th century in France, shares of the Bazacle Milling Company were traded based on the profitability of the mills. And in 1288 in Sweden, a bishop acquired a 12.5% interest in a copper mine in exchange for land, documenting one of the earliest known stock transfers. The earliest recognized joint-stock company in modern times was the English East India Company, which was granted a royal charter in 1600 and transformed from a

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    History: Joint-Stock Companies

    Uploaded by

    Maika J. Pudadera
    21 views1 page
    The earliest known stock market behaviors can be traced back to ancient Rome, where the government contracted out many of its services to private companies called publicani. These companies issued shares called partes and particulae that fluctuated in price, showing early examples of stock market behavior. In the 13th century in France, shares of the Bazacle Milling Company were traded based on the profitability of the mills. And in 1288 in Sweden, a bishop acquired a 12.5% interest in a copper mine in exchange for land, documenting one of the earliest known stock transfers. The earliest recognized joint-stock company in modern times was the English East India Company, which was granted a royal charter in 1600 and transformed from a

    Original Description:

    adasd

    Original Title

    106

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The earliest known stock market behaviors can be traced back to ancient Rome, where the government contracted out many of its services to private companies called publicani. These companies issued shares called partes and particulae that fluctuated in price, showing early examples of stock market behavior. In the 13th century in France, shares of the Bazacle Milling Company were traded based on the profitability of the mills. And in 1288 in Sweden, a bishop acquired a 12.5% interest in a copper mine in exchange for land, documenting one of the earliest known stock transfers. The earliest recognized joint-stock company in modern times was the English East India Company, which was granted a royal charter in 1600 and transformed from a

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    21 views1 page

    History: Joint-Stock Companies

    Uploaded by

    Maika J. Pudadera
    The earliest known stock market behaviors can be traced back to ancient Rome, where the government contracted out many of its services to private companies called publicani. These companies issued shares called partes and particulae that fluctuated in price, showing early examples of stock market behavior. In the 13th century in France, shares of the Bazacle Milling Company were traded based on the profitability of the mills. And in 1288 in Sweden, a bishop acquired a 12.5% interest in a copper mine in exchange for land, documenting one of the earliest known stock transfers. The earliest recognized joint-stock company in modern times was the English East India Company, which was granted a royal charter in 1600 and transformed from a

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 1

    History[edit]

    One of the earliest stock by the Dutch East India Company


    During the Roman Republic, the state contracted (leased) out many of its services to private
    companies. These government contractors were called publicani, or societas publicanorum as
    individual companies.[8] These companies were similar to modern corporations, or joint-stock
    companies more specifically, in a couple of aspects. They issued shares called partes (for large
    cooperatives) and particulae which were small shares that acted like today's over-the-counter
    shares.[9] Polybius mentions that "almost every citizen" participated in the government leases.
    [10]
     There is also evidence that the price of stocks fluctuated. The Roman orator Cicero speaks
    of partes illo tempore carissimae, which means “shares that had a very high price at that time".
    [11]
     This implies a fluctuation of price and stock market behavior in Rome.
    Around 1250 in France at Toulouse, 100 shares of the Société des Moulins du Bazacle, or Bazacle
    Milling Company were traded at a value that depended on the profitability of the mills the society
    owned.[12] As early as 1288, the Swedish mining and forestry products company Stora has
    documented a stock transfer, in which the Bishop of Västerås acquired a 12.5% interest in the mine
    (or more specifically, the mountain in which the copper resource was available, the Great Copper
    Mountain) in exchange for an estate.
    The earliest recognized joint-stock company in modern times was the English (later British) East
    India Company, one of the most notorious joint-stock companies. It was granted an English Royal
    Charter by Elizabeth I on December 31, 1600, with the intention of favouring trade privileges in India.
    The Royal Charter effectively gave the newly created Honourable East India Company (HEIC) a 15-
    year monopoly on all trade in the East Indies.[13] The company transformed from a commercial
    trading venture to one that virtually ruled India as it acquired auxiliary governmental and military
    functions, until its dissolution.

    You might also like