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The World’s First Stock Exchange Page 260 (269 of 305)
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1. A World-Famous Book
5. Richard Lambert, “Investing by the Book: Richard Lambert Picks the
Ten Best Books Ever Written on Investment,” Financial Times (January 28,
1995).
6. Penso de la Vega, Confusion, 21.
7. Ibid., 32.
8. Ibid., 17.
9. Penso de la Vega, Confusión, 130, 138, 186.
10. Penso de la Vega, Confusion, 8.
11. Ibid., 6, 7.
2. A New Company
1. This share register, with bibliographical information about the sub-
scribers and a good introduction, was published by van Dillen: J. G. van
Dillen, Het oudste aandeelhoudersregister van de Kamer Amsterdam der
Oost-Indische Compagnie (The Hague, 1958). What follows is largely based
on van Dillen.
2. Around 1602, unskilled workers earned about fifty cents a day:
L. Noordegraaf, Daglonen in Alkmaar 1500–1850 (Haarlem, 1980).
3. See F. S. Gaastra, The Dutch East India Company: Expansion and De-
cline (Zutphen, 2003), for the foundation of the VOC and a general history
of the Company. The text of the charter is on the Internet. See, for example,
http://www.vocsite.nl/geschiedenis/octrooi.html.
4. Oscar Gelderblom and Joost Jonker, “Completing a Financial Revolu-
tion: The Finance of the Dutch East India Trade and the Rise of the Amster-
dam Capital Market, 1595–1612,” Journal of Economic History 64 (2004):
641–672, esp. 648–650.
5. This calculation was done using the purchasing power calculating tool
on http://www.iisg.nl/hpw/calculate-nl.php.
6. Gelderblom and Jonker, “Completing,” 648.
7. For a reproduction and transcription of the complete text of the first
page of the share register, see van Dillen, Aandeelhoudersregister, 105–106.
8. Johan E. Elias, De Vroedschap van Amsterdam, 1578–1795 (Haarlem,
1903), 153.
9. “‘Gestolen’ VOC-aandeel kost 6 miljoen,” de Volkskrant (August 21,
2004).
10. Pieter van Dam, Beschryvinge van de Oostindische Compagnie 1A
(1701), ed. F. W. Stapel (The Hague, 1927) 145.
11. Gelderblom and Jonker, “Completing,” 656–657.
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