18
/
en
AIzaSyCYaC8UkdPkQKLFUmpasLV5eC3M802CrcA
452542
36743
2

jan 10, 1609 - The Bank of Amesterdam

Description:

Profoundly important for the economy, the bank of Amsterdam was created when the House of Fugger, a family owned bank that had been surviving off of funding from Charles V, went bankrupt. The trading of stockes replaced the exchange of goods, and JOINT STOCK COMPANIES were formed and used. In joint stock companies, individuals bought shares in a company and received dividends on their investments. These companies were able to minimalize the risk in investing in a company, because you would take less of a loss if they were not successful. GROWTH OF CAPITALISM

Added to timeline:

7 months ago
1
0
380
EURO TIMELINE midterm

Date:

jan 10, 1609
Now
~ 410 years ago
PayPal - The safer, easier way to pay online!logo
About & FeedbackTermsPrivacy