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In Amsterdam there came to be the trading in stocks and company shares. This was not public or better said, shares of government loans, instead it consisted in trading the shares of large companies. This was to a large part based on speculation and not for investment as it's known today. However, this was the beginning of this. By the end of the 17th century the techniques of speculation began to develop into many forms of trading that is seen today. In London there was also an exchange, however, it was not until after 1670 that modern types of trading began. And, it was not widespread nor given a large amount of importance. Not long, however, did trading "stocks" develop rapidly. Amsterdam and London predominated over smaller exchanges that developed in Europe.

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Q: How did stock exchanges develop in Amsterdam?
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