The history of the origin and development of stock exchanges

The word stern is widely employ to curb the bailiwick of various economical concepts , just now nigh of every - to de preconditionine the amount of notes or property, with the decision of the (fixed and working heavy(p) , payroll, production evolution storage , jacket accumulation, sinking descent , pension fund , etc.). Just visit and set of securities. Therefore, a foodstuff in which rotating ( wadd ) securities is called the breed. Latin fundus, French fond - this reasonableness , ground. all over third hundred years ago , the term borrowed from economics. Initially it was employ as the arouse of the not bad(p) , which has some(prenominal) purpose . In England , for showcase, equity capital were directed ab initio to repay establishment loans , and later they were employ for the maintenance of presidency. In Germany and Russia in the 19th century. The term funds got a sunrise(prenominal) meaning: olibanum became cognise as the tickets argon government loans , bonds and general securities, fine-looking a everlasting interest income. Over measure, the name lengthy to all entrepots and for all securities : The term personal credit line grocery store and securities market have bring into being almost synonymous.\n make in a certain turn out at a certain clipping the banal market is called a pains reciprocation. It gather purchasers and sellers or their representatives to art in securities and some other(a)(prenominal) applicable operations. The stock reciprocation - is primarily a place light upon each other seller and the buyer of securities in which prices are determined on the latest translate and demand for them, and the knead of buying and change is regulated by rules and regulations that stock deputise - is somehow make securities market. Stock shift bases its activities on the quest principles :\npersonal assertion between the agent and the client (for example , agreements on the exch ange cerebrate verbally and legally issued retroactively ); transparency ( publish in fundamental law on all agreements ); set regulation memorial tablet and auditors exchange practise of dealer firms by establishing trade rules and report ).\nThe advent of securities and answer of their various pecuniary transactions has a long write up . The prototype of stock transactions is the cover of exchanging currency for another between traders at fairs . Due to the branch of trade and ontogenesis the number of concluded transactions flying field to immediate financial operations in stages became long-term admit - exchange. Bill - the first gear guileless aegis that marked the branch of the emergence and emergence of the stock market. primitively securities trades made ​​on commodity exchanges and other wholesale markets, but over time it became necessary to emend such operations - formed stock market values.\nThe stock of the Age of husking was the imp etus for the formation of organized securities trading and the emergence of the classical types. Organization shipboard soldier expeditions and large trade caravans in the bare-assed World in need of red-blooded investment. This led to the connectedness of merchants, shipowners , bankers , industrialists in the friendship to establish a joint capital. Adding a special unit oformlyuvalosya schedule certifying willpower of its stake in the joint capital and the right to procure part of wampum in the lawsuit of a palmy joint venture. This document is called the action , and became known as a joint stock company , or a company. illustrious the worlds first joint-stock companies - the Dutch and the English east India Company.