Constructing the Stock Exchange. On the Rise and Fall of an Iconic Place of Capitalism
Marketplaces are fascinating locations for studying socio-economic interactions. One of the most prominent of these places were bourses or stock exchanges. Only very recently and almost unnoticed, the hectic physical spaces of these trading venues have been emptied, following the increased use of e...
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Max Planck Institute for Legal History and Legal Theory
2021-11-01
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| Series: | Rechtsgeschichte - Legal History |
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| Online Access: | https://proceedings.hpsg.xyz/index.php/rg/article/view/197 |
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| author | Johannes W. Flume |
| author_facet | Johannes W. Flume |
| author_sort | Johannes W. Flume |
| collection | DOAJ |
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Marketplaces are fascinating locations for studying socio-economic interactions. One of the most prominent of these places were bourses or stock exchanges. Only very recently and almost unnoticed, the hectic physical spaces of these trading venues have been emptied, following the increased use of electronic trading and the end of parquet trading.This brought to a sudden end the 500-year-old institution as we know it: a physical space dedicated to the sole purpose of meeting, exchanging information, and trading. This article seeks to provide a concise history of constructing and refining one of the most iconic places of capitalism. I argue that combining the architectural history of exchange buildings with an analysis of the legal and economic purpose of the institution provides a powerful tool for locating and evaluating the impact of technological advances on commerce in global history.
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| format | Article |
| id | doaj-art-c83111268d3240f9b51137e115f2850d |
| institution | Kabale University |
| issn | 1619-4993 2195-9617 |
| language | deu |
| publishDate | 2021-11-01 |
| publisher | Max Planck Institute for Legal History and Legal Theory |
| record_format | Article |
| series | Rechtsgeschichte - Legal History |
| spelling | doaj-art-c83111268d3240f9b51137e115f2850d2025-02-11T06:07:53ZdeuMax Planck Institute for Legal History and Legal TheoryRechtsgeschichte - Legal History1619-49932195-96172021-11-0129Constructing the Stock Exchange. On the Rise and Fall of an Iconic Place of CapitalismJohannes W. Flume0Johannes Kepler Universität Linz Marketplaces are fascinating locations for studying socio-economic interactions. One of the most prominent of these places were bourses or stock exchanges. Only very recently and almost unnoticed, the hectic physical spaces of these trading venues have been emptied, following the increased use of electronic trading and the end of parquet trading.This brought to a sudden end the 500-year-old institution as we know it: a physical space dedicated to the sole purpose of meeting, exchanging information, and trading. This article seeks to provide a concise history of constructing and refining one of the most iconic places of capitalism. I argue that combining the architectural history of exchange buildings with an analysis of the legal and economic purpose of the institution provides a powerful tool for locating and evaluating the impact of technological advances on commerce in global history. https://proceedings.hpsg.xyz/index.php/rg/article/view/197bourses or exchangesmarketplaceexchange processesarchitectural historyfinancial institutionsimpact of digitalisation |
| spellingShingle | Johannes W. Flume Constructing the Stock Exchange. On the Rise and Fall of an Iconic Place of Capitalism Rechtsgeschichte - Legal History bourses or exchanges marketplace exchange processes architectural history financial institutions impact of digitalisation |
| title | Constructing the Stock Exchange. On the Rise and Fall of an Iconic Place of Capitalism |
| title_full | Constructing the Stock Exchange. On the Rise and Fall of an Iconic Place of Capitalism |
| title_fullStr | Constructing the Stock Exchange. On the Rise and Fall of an Iconic Place of Capitalism |
| title_full_unstemmed | Constructing the Stock Exchange. On the Rise and Fall of an Iconic Place of Capitalism |
| title_short | Constructing the Stock Exchange. On the Rise and Fall of an Iconic Place of Capitalism |
| title_sort | constructing the stock exchange on the rise and fall of an iconic place of capitalism |
| topic | bourses or exchanges marketplace exchange processes architectural history financial institutions impact of digitalisation |
| url | https://proceedings.hpsg.xyz/index.php/rg/article/view/197 |
| work_keys_str_mv | AT johanneswflume constructingthestockexchangeontheriseandfallofaniconicplaceofcapitalism |