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Planet Money
Planet Money

Summer School 3: The first stock and perpetual life

Jul 26, 2024 · 34m
AI Summary
  • The episode traces the invention of stocks and bonds back to 1600s Netherlands, where the Dutch East India Company pioneered business ownership shares
  • The story tracks how allowing companies to sell ownership shares enabled massive business expansion by providing access to capital for machines and growth
  • The origins of stocks, bonds, and the stock market directly led to the modern financial systems we use today

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