MARKET DATA REVIEW : Stock markets: Old idea, yet new idea for us

What you need to know:

Private slave trading companies sold shares in the Amsterdam, London and Paris stock exchanges to finance the salve trade enterprise. And middle class European looking for good investment returns bought these shares. Relying on this money, the companies bought ships, hired sailors and soldiers, purchased slaves in Africa and transported them to America.

Private investors bought bonds largely motivated by the argue to make a profit, even though there may be some who bought these bonds out of sympathy for the Greek cause. The value of Greek Rebellion Bonds rose and fell on the London Stock Exchange in tempo with military successes and failures on the battlefields. In a way this war turned out to be a financial commodity listed in the stock market — fought, partly in the interest of investors. One of the largest financial crisis of the eighteenth century was a result of the so-called Mississippi Bubble. In 1717 the Mississippi Company, chartered in France, set out to colonise the lower Mississippi valley, establishing the city of New Orleans in process. To finance its ambitious plans, the company, which was in good connections at the court of King Louis XV, sold shares to the public and listed on the Paris Stock Exchange. John Law, the company’s director, who was also a governor of the central bank of France spread tales of the significant riches and unlimited opportunities in the Americas.

So, the concept and idea of stock market and what it is capable of doing to people, companies, institutions, ideologies and values as well as economies is as big and old as some of these historical moments indicates. Admittedly, for us, as individuals, institutions and government have not given this idea the necessary focus and attention that it requires. Because of our lack to embrace this idea, most of our economic institutions and not as inclusive. There are many opportunities that are being lost because we have not been able to learn to unleash the power of collective ownership through shares that are then listed in the stock exchange for tradability and liquidity. As a result of these we have an economically weak exchange, without adequate supply of securities or investors who could otherwise leverage on the existence of the stock exchange in our midst. So, what are the opportunities and what is the role of the stock exchange in the society?

MARKET DATA REVIEW : Stock markets: Old idea, yet new idea for us

What you need to know:

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