40 Things To Know Before Entering The Stock Market

12. History

The stock market dates back to the Ancient Roman Republic. During this time, the state leased out many its services to private corporations. Government contractors were referred to as publicani. The publicani were similar to modern-day joint-stock companies.

When it comes to stocks in the modern world, the earliest joint-stock company was the East India Company started in England in the year 1600. Joint-stock ownership was instrumental in the substantial growth of Europe’s economy after the Middle Ages. This allowed expensive projects like the building of a merchant ship was available to more than just the government or wealthy families and individuals.