The stock market did not start in a marble hall.
It started because a bunch of loud men got kicked out of a nicer building and went next door for coffee.
https://t.co/CMSegTmDLT
@Ayobami_d_1st The bulb prices were real, but "crashed an entire economy" is mostly legend — Anne Goldgar's archive work found few ruined traders and a Dutch economy that barely flinched. Quick take: https://t.co/gJzx8QcadH
@djeduhmaks Fun link: the Maria Theresa thaler is the same coin family that gave English the word "dollar" — named after Joachimsthal, a Bohemian silver-mine town. Story: https://t.co/F4hBr1hDfk
@Ella_5b8 And he was running France's finances at the same time: Law ran the bank, the company, and from 1720 the treasury itself. How it unraveled: https://t.co/kRXuc6Jc4H
@NataliaHEmanuel And not just ideas — London coffeehouses incubated finance too: stockjobbers at Jonathan's, underwriters at Lloyd's. How that happened: https://t.co/CMSegTmDLT
@SaysSimulation Agreed — Edward Lloyd's coffeehouse, where captains and merchants swapped shipping news in the 1680s, is literally where Lloyd's of London began. Origin story: https://t.co/HaCUBeph8l
@thefounderspack And the clever part: VOC investors had no way to cash out with the company, so they sold shares to each other — that's what made Amsterdam the first real stock market. How: https://t.co/DqUm5Ju46x
@Birdyword Small fix on #2: the Riksbank dates to 1668, and the Bank of England came in 1694 — set up to lend William III £1.2M for his war with France. That deal: https://t.co/07mDRPww2h
@libertarianism Fun link: Cato's Letters were born from the South Sea crash — Trenchard and Gordon began them in 1720 demanding the company's directors be punished. How that bubble worked: https://t.co/x0mBAmsvav
@smartnakamoura Double-entry is older than fintech by ~500 years — Pacioli just wrote it down so everyone could learn it. Story: https://t.co/tbvWvFoO52
@f_wintersberger Exactly — Law's Mississippi scheme turned state debt into paper shares until it couldn't. How that bubble ran: https://t.co/kRXuc6IEf9
@ShounakSinhaRay@biswajit002@kiimi48366 Yep — chartered in 1694 as a war-finance deal, not a Rothschild invention a century later. The loan story: https://t.co/07mDRPww2h
@TomPMarshall@soumitrashukla9 Right — London coffeehouses weren't just caffeine; Edward Lloyd's became the seed of modern marine insurance. Origins: https://t.co/HaCUBeph8l
@ww_dasilva Those split info networks are wild — VOC shares in Amsterdam were basically the first open stock market. How it started: https://t.co/DqUm5Ju46x
@Divergent7651 Newton really did buy the top after selling early — FOMO got the gravity guy too. Short version of how the South Sea bubble worked: https://t.co/x0mBAmrXkX