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The World’s First Stock Exchange
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(c) 2025 Columbia University Press. All Rights reserved.
Page v
Table of Contents
Page 1
1. A World-Famous Book
Page 7
2. A New Company
Page 35
3. Early Share Trading
Page 51
4. Angry Shareholders
Page 77
5. Fraud
Page 100
6. The First Boom
Page 122
7. Jewish Traders
Page 143
8. Information
Page 165
9. Trading Clubs
Page 184
10. Speculation
Page 202
11. Crisis
Page 228
12. The World-Famous Book Again
Page 237
Epilogue
Page 245
Acknowledgments and Overview of Literature and Sources
Page 259
Notes
Page 275
Glossary
Page 279
Bibliography
Page 285
Index
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1. A World-Famous Book (7)
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2. A New Company (29)
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3. Early Share Trading (17)
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4. Angry Shareholders (27)
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5. Fraud (24)
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6. The First Boom (23)
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7. Jewish Traders (22)
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8. Information (23)
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9. Trading Clubs (20)
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10. Speculation (19)
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11. Crisis (27)
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12. The World-Famous Book Again (10)
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Epilogue (9)
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Acknowledgments and Overview of Literature and Sources (15)
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Notes (17)
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Glossary (5)
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Bibliography (7)
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Index (13)
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Index Groe, Dirck van der, 224 inflation, 45 Grootenhuys, Jan ten, 216–17 information: from abroad, 41–44, 132, Grotius, Hugo, 40, 88 160; from dividend announcements, guild membership: of brokers, 136; 151–54; from the Far East, 41–44, Jewish ratio in, 138–39; of Jewish 72, 150–51, 156; from The Hague, traders, 130 144, 147–50, 160–63, 219, 222; inadequate, in early share trading, Haarlem, 115–17, 119–20, 171, 206 37–43; Jewish networks for, 132, Haeck, Severijn, 98, 204 159–62; from Middelburg, 155–59; Hague, The, 16, 38, 84, 89, 128, 165; in newspaper, 149, 162–64; value information from, 144, 147–50, 160– of, 146–49; Velters and, 143–49, 63, 219, 222; tax decisions at, 147 150–51, 159; on VOC share price, haircut, 225, 277 72, 149, 151–54, 160–61 Hamburg, 39, 127, 132 information networks, 38–41, 112–13, Harmensz, Pieter, 21, 23 126, 219; of Jews, 132, 159–62 Haskin Stiles, Joseph, 225 insider trading, 154, 221 Hasselaer, Pieter Dircksz, 7 interest, on repos, 200 Heemskerck, Coenraad van, 217 international contacts, of Portuguese Heintje Hoekssteeg, 7 Jews, 132, 160 Helmer, Elbert Lucasz, 87 international trade, at annual fairs, Hendrick de Keyser Exchange, 173–74 103–8, 145, 182, 232; building invalid contracts, 94–99 demolishment, 104; description of, investment portfolio, leverage and, 196 105, 107; hours of operation, 107 investments: by directors, in VOC Henry IV (king), 54 shares, 14, 110; EIC short period, Heren XVII. See Lords Seventeen 237; instruments, secured loans as, Holla, Theodore, 144, 219; Les Paul 178; by Lijntgens, 9, 32; long term, information to, 149; political by shareholders, 192; reasons, for news access by, 147–48; Velters VOC shares, 32, 44, 50, 115, 121 information to, 147–49, 159; investment sentiment, 56, 62, 201, 277 Visscher information to, 148, 149 investors, installment payments by, honor, 167–69, 177, 228; of 16–17 agreements, 82, 117, 119; of Da Isabella I (queen), 125 Cunha, 168–69; in Dutch Republic, 168; of forward contracts, 167–69, James II (king), 214 209, 211; of le Maire, 76; trading Jans, Dignum, 8, 15; subscription of, clubs and, 167–69. See also trust 34; VOC shares of, 17 Hooft, Cornelis Pietersz, 105 Japan, 43, 156 Hooft, Hendrick Cornelisz, 195 Jewish clubs, 171 Hoorn chamber, of VOC, 9, 10, 12, 23, Jewish traders, 122–42; as brokers, 155; director investment figures in, 133–40; proportion of, 124–25; 14, 110 speculation of, 140–42 Hove, François van, 87 Jews: guild membership of, 130, 138– Hudde, Johannes, 215, 224 39; information networks of, 132, 159–62; as moneylenders, 130–31; incomplete payments, court cases about, as new merchants, 123–29; as share 86–87, 92 dealers, 141–42 Industrial Revolution, 244 Joncheyn, Albert Symonsz, 87, 90 290
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