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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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Index (13)
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Index Kaerel, Jan Jansz, 11 Lopes de Castro Gago, Antonio: on Keyser, Hendrick de, East India House naked short selling ban, 202–4; design by, 19 reneging by, 207 Keyser, Hendrick de, Exchange. See Lopes Pinto, André, 127 Hendrick de Keyser Exchange Lopes Suasso, Antonio, 127 Kocx, Agneta, 23 Lopes Suasso, Francisco, 162, 220 Korte aenwysinghe der Bewinthebbers Lopes Villareal, Manuel, 165 Regieringe pamphlet, 72, 154 Lords Seventeen (Heren XVII), of VOC, Korte aenwysinghe van de kleyne 12, 17, 23; annual meeting, 143; profijten pamphlet, 72 van Beuningen correspondence with, 212, 224; cash dividend decision by, Lampe, Barent, 7–8, 23–24, 36, 77–81 26, 49; dividend payment by, 23, 67; Lange Adriaens, Pieter de, 212, 225 on dividend payment in kind, 152; lawsuits: of Geurts, against directorships dividend setting by, 143–46, 151; of VOC, 86–90; by Haeck, 98; of le 1671 record dividend by, 205 Maire, with VOC directors, 51–53; Loten, Jan, 180 of Overlander, Abelijn, and Semeij, lotteries, 115–16 83–84. See also court cases Louis XIV (king), 142, 180, 206–7, Lehman Brothers, Repo 105 214 transactions by, 178 Leiden, 35, 38, 115, 163 Macaré, Pierre, 156, 158, 200 Le Maire Strait, 55 Machado, Mozes. See Alvares letter of indemnity, Abelijn offer of, Machado, Antonio 83–84 Maire, Isaac le, 7, 51–76, 134, 233; leverage: by van Beuningen, 226; Australian Company founding by, brokers attempt to control, 197; 54; of Company of the Fourteen derivatives and, 276; forward Ships, 53–54; death of, 76; Far East contracts for, 196; gambling with, trade role, 43; forward trading, 56– 196–201; trading clubs and, 197 60; honor of, 76; investments by, 9; Levy Duarte, Manuel, 140, 151, 159, lawsuit with VOC directors, 51–53; 171–72; as exchange agent, 162; syndicate forward trading plan, forward trading of, 167 55–60; VOC directors criticism by, liability, of counterparties, 119 68–71; as VOC founder, 51; VOC Ligne, Abraham de, 87, 88, 90 shares and, 17, 55; VOC versus, Lijntgens, Pieter: investments by, 9, 32; 53–56 sales transactions recordings, 33; Maire, Johannes le, 52–53 VOC shares of, 17; Warmoesstraat le Maire syndicate: Amsterdam house on, 27 chamber and, 51, 61, 69; end of, liquidation, of VOC, 48–49, 68 66–68; forward trading plan, 55–60; liquidity, 209, 277 members of, 67; naked short selling Lock, Adriaen, notarial writ by, of, 60–66; Rotgans as member of, 122–23, 180, 191, 202, 204 93–94; States of Holland and States Lock, Cornelis, 165 General petitions by, 63–64; VOC London: exchange buildings in, 105; share price and, 51, 55–69 stock market, 241–42, 244 Mancini, Olympe, 173 Long-Distance Company, 9–10 Mare liberum (Grotius), 40 Loot, Gerrit, 140, 144, 156 margin accounts, 198–99 Lopes Carvalho, Manuel, 128 margins, on collateral loans, 177–78 291
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