Abstract
The early associations for trading were either sole owners or partnerships. The first modem shareholding enterprise is generally recognised as the proposal by Sebastian Cabot, the British explorer, to set up an enterprise to find a North East trade route to China and the Orient.
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© 1993 Stephen Valdez
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Valdez, S. (1993). Stock Exchanges. In: An Introduction to Western Financial Markets. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-22961-1_9
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DOI: https://doi.org/10.1007/978-1-349-22961-1_9
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-59767-5
Online ISBN: 978-1-349-22961-1
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