Joint-Stock Company

Explore the development and impact of the joint-stock company on global economies, from its emergence in 17th century Europe to its influence on modern financial markets.

The emergence of joint-stock companies and stock markets revolutionized corporate finance in 17th century Europe by allowing for risk sharing and investment on a large scale.

Learn about the evolution of modern banking systems, from 18th century innovations to industrialization and urbanization.

The Bank of England's establishment in 1694 revolutionized modern finance by converting government debt into shares and establishing a joint-stock basis.