History of the Stock Market
The history of the stock market dates back almost one millennium ago, beginning in the 11th century. Many of the methods used in the stock market today have their origins in the Muslim and Jewish merchants who were pioneers in the history of the stock market. Having established many different forms of trade associations, these merchants were the forerunners in the history of the stock market. Although these merchants laid down the foundation for the history of the stock market, it was not until the 13th and 14th centuries that the idea of centralised and organised financial institutions for trading began to catch on.
The first official stock exchange in the history of the stock market was the Amsterdam Stock Exchange. First to issue shares in the history of the stock market was the Dutch East India Company in 1602. This is one of the most significant dates in the history of the stock market. It was at this point in the history of the stock market that began a proliferation of stock exchanges, expanding both domestic and international markets. The Dutch are credited for pioneering certain modern trade and banking methods that have been used and enhanced throughout the history of the stock market.
The history of the stock market in Australia began in the 19th century. This was when the first stock exchange in the country was established. After the Melbourne exchange, in chronological order, came the Sydney, Hobart, Brisbane, Adelaide and Perth exchanges. One of the most important dates in the history of the stock market in Australia was the merger between these exchanges. This led to the development of the Australian Securities Exchange (ASX), founded in 1987. Another major merger in the history of the stock market in Australia was the merger between ASX and the Sydney Futures Exchange in 2006.
