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The London Stock ExchangeA History$
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Ranald Michie

Print publication date: 2001

Print ISBN-13: 9780199242559

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0199242550.001.0001

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From Market to Exchange, 1693–1801

From Market to Exchange, 1693–1801

Chapter:
(p.15) 1 From Market to Exchange, 1693–1801
Source:
The London Stock Exchange
Author(s):

Ranald C. Michie (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0199242550.003.0002

The first part of this chapter examines the early history of the London securities market, which can be traced back to the sixteenth century. The second part looks at the organization and development of this market. Within London, a definite location can be found as early as the 1690s (in the Royal Exchange and its environs), and the existence of stockbrokers can be traced to 1700. The development of the organized market is outlined up to 1801, when the institution of the London Stock Exchange formally came into existence––as the Stock Subscription Room––on 3 March 1801. This event was finally precipitated by the French Revolution of 1789, the resultant fall of the Paris Stock Exchange in 1793, and the occupation of Amsterdam (another centre of finance) in 1795.

Keywords:   Amsterdam, Britain, economic history, French Revolution, history, institution, London Stock Exchange, Paris Stock Exchange, securities market

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