Posts by Tim Brinkhof:
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How the Dutch East India Company inadvertently created the world’s first stock market
Posted on: 16 Sep 2022
To tell the story of the world’s first stock exchange is to tell the story of the Dutch East India Company, as the creation of the latter led directly to the formation of the former. The Dutch East India Company was formed to solve numerous problems plaguing the Dutch shipping industry. For one, the voyage […]
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How Genghis Khan’s grandson introduced paper money in Mongolian China
Posted on: 08 Sep 2022
When the Venetian merchant Marco Polo traveled to Asia in the late thirteenth century, he was shocked to learn that the inhabitants of Mongolian China went about their daily business using paper money. This currency, commonly known as the chao, had been introduced to the region in 1260 by Kublai Khan, grandson of the fabled […]
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How the invention of coins changed daily life in ancient Greece
Posted on: 07 Sep 2022
It’s hard to imagine life without the concept of money. But for most of human history, there was no money, in the modern sense of the word. For a better look into the role money plays in our world today, let’s turn back the clock to the dawn of money. The oldest written references to […]
