LONDON. Shares. red. No 3247. Although some publications take the history of the London Stock Exchange back to 1541, most sources see the true beginning in the late 17th century. It was not popular at first, and had to move from its initial meeting-place in the Royal Exchange to a nearby coffee-house, Jonathan's, which became the real cradle of the Exchange. In the early 18th century efforts were made by Parliament to stop stock-dealing, but unsuccessfully. In 1773 Jonathan's was renamed 'The Stock Exchange', and it was only in 1801 that a building was erected, in Capel Court, especially for the Exchange. To pay the costs, a capital of £20.000 (in 400 shares of £50) was issued. 1853 saw the demolition of that building, and its replacement by a much larger one. Further shares were issued, to a total of 20.000, and the value climbed, to reach £140 on the market. In 1875 it was decided that shares could belong only to members of the Exchange. Folds.
Themes: BANK & FINANCE, STOCK EXCHANGE
Date: 12 April 1933
Startprice: € 300