The Emergence of the Joint-Stock Company and the Stock Market
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.
Stock Market
The Resurgence of the American Stock Market
The 20th century US stock market's stagnation followed by a significant bull run, driven by factors like technological innovations and globalization.
The Volatile Nature of Stock Markets
Explore the complexities of stock market behavior, influenced by irrational exuberance, animal spirits, and information asymmetry, resulting in volatility and uncertainty.