119-624: Donny "The Don" Crevels (born 6 February 1974 in Amsterdam ) is a Dutch racing driver. He has raced in such series as Le Mans Series , V8Star Series and the FIA GT Championship . In 1998, he won the Italian Formula Three Championship with Prema Powerteam . He previously won the 1994 EFDA Nations Cup for his country alongside Tom Coronel at Circuit Park Zandvoort - the pair were runners-up
238-583: A Platanus occidentalis (buttonwood tree) in New York City , as 24 stockbrokers signed the Buttonwood Agreement , agreeing to trade five securities under that buttonwood tree. Bombay Stock Exchange was started by Premchand Roychand in 1875. While BSE Limited is now synonymous with Dalal Street, it was not always so. In the 1850s, five stock brokers gathered together under a Banyan tree in front of Mumbai Town Hall, where Horniman Circle
357-557: A building near the Town Hall until 1928. The present site near Horniman Circle was acquired by the exchange in 1928, and a building was constructed and occupied in 1930. The street on which the site is located came to be called Dalal Street in Hindi (meaning "Broker Street") due to the location of the exchange. On 31 August 1957, the BSE became the first stock exchange to be recognized by
476-500: A central location such as the floor of the exchange or by using an electronic system to process financial transactions. To be able to trade a security on a particular stock exchange, the security must be listed there. Usually, there is a central location for record keeping, but trade is increasingly less linked to a physical place as modern markets use electronic communication networks , which give them advantages of increased speed and reduced cost of transactions. Trade on an exchange
595-479: A city thought to be overwhelmed by the tourist influx. Construction of a new metro line connecting the part of the city north of the IJ to its southern part was started in 2003. The project was controversial because its cost had exceeded its budget by a factor of three by 2008, because of fears of damage to buildings in the centre, and because construction had to be halted and restarted multiple times. The new metro line
714-726: A defense of Catholicism during the Protestant Reformation. The main reasons for the uprising were the imposition of new taxes, the tenth penny, and the religious persecution of Protestants by the newly introduced Inquisition . The revolt escalated into the Eighty Years' War , which ultimately led to Dutch independence. Strongly pushed by Dutch Revolt leader William the Silent , the Dutch Republic became known for its relative religious tolerance. Jews from
833-609: A flood in 1916, the depleted municipalities of Durgerdam, Holysloot, Zunderdorp and Schellingwoude , all lying north of Amsterdam, were, at their own request, annexed to the city. Between the wars, the city continued to expand, most notably to the west of the Jordaan district in the Frederik Hendrikbuurt and surrounding neighbourhoods. Nazi Germany invaded the Netherlands on 10 May 1940 and took control of
952-602: A full-service bank for Dutch merchant bankers and as a reserve bank. From the 17th century onwards, Amsterdam also became involved in the Atlantic slave trade . The city was a major destination port for Dutch slave ships participating in the triangular trade , which lasted until the United Netherlands abolished the Netherlands' involvement in the trade in 1814 at the request of the British government . Amsterdam
1071-492: A granite grinding stone (2700–2750 BC), but the location of these artefacts around the river banks of the Amstel probably point to a presence of a modest semi-permanent or seasonal settlement. Until water issues were controlled, a permanent settlement would not have been possible, since the river mouth and the banks of the Amstel in this period in time were too wet for permanent habitation. The origins of Amsterdam are linked to
1190-658: A long tradition of openness, liberalism, and tolerance. Cycling is key to the city's modern character, and there are numerous biking paths and lanes spread throughout. Amsterdam's main attractions include its historic canals ; the Rijksmuseum , the state museum with Dutch Golden Age art; the Van Gogh Museum ; the Dam Square , where the Royal Palace of Amsterdam and former city hall are located;
1309-605: A number of hot and humid days with occasional rain every month. The average daily high in August is 22.1 °C (72 °F), and 30 °C (86 °F) or higher is only measured on average on 2.5 days, placing Amsterdam in AHS Heat Zone 2. The record extremes range from −19.7 °C (−3.5 °F) to 36.3 °C (97.3 °F). Days with more than 1 mm (0.04 in) of precipitation are common, on average 133 days per year. Amsterdam's average annual precipitation
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#17327869318021428-509: A report by the World Federation of Exchanges (WFE) , stock exchanges contribute to economic growth by enabling companies to access long-term capital, thereby fostering innovation and job creation. While stock exchanges are not designed to be platforms for the redistribution of wealth, they play a significant role in allowing both casual and professional stock investors to partake in the wealth generated by profitable businesses. This
1547-409: A stock exchange, a company is required to adhere to a set of rules and regulations established by the exchange itself. These regulations serve as a framework for corporate governance, financial transparency, and accountability, thereby ensuring that listed companies operate in a manner that is conducive to investor confidence and market stability. By imposing these standards, stock exchanges contribute to
1666-556: A strong influence on the 'Amsterdam dialect' adding a large Yiddish local vocabulary. Despite an absence of an official Jewish ghetto , most Jews preferred to live in the eastern part, which used to be the centre of medieval Amsterdam. The main street of this Jewish neighbourhood was Jodenbreestraat. The neighbourhood comprised the Waterlooplein and the Nieuwmarkt . Buildings in this neighbourhood fell into disrepair after
1785-711: A top tech hub in 2019. The Port of Amsterdam is the fifth largest in Europe. The KLM hub and Amsterdam's main airport, Schiphol , is the busiest airport in the Netherlands , third in Europe , and 11th in the world . The Dutch capital is one of the most multicultural cities in the world, with about 180 nationalities represented. Immigration and ethnic segregation in Amsterdam is a current issue. Amsterdam's notable residents throughout its history include painters Rembrandt and Vincent van Gogh , 17th-century philosophers Baruch Spinoza , John Locke , René Descartes , and
1904-418: A wide and varied scope of owners, companies generally tend to improve management standards and efficiency to satisfy the demands of these shareholders and the more stringent rules for public corporations imposed by public stock exchanges and the government. This improvement can be attributed in some cases to the price mechanism exerted through shares of stock, wherein the price of the stock falls when management
2023-516: Is 838 mm (33 in). A large part of this precipitation falls as light rain or brief showers. Cloudy and damp days are common during the cooler months of October through March. In 1300, Amsterdam's population was around 1,000 people. While many towns in Holland experienced population decline during the 15th and 16th centuries, Amsterdam's population grew, mainly due to the rise of the profitable Baltic maritime trade especially in grain after
2142-441: Is achieved through the distribution of dividends and the potential for stock price increases leading to capital gains. As a result, individuals who invest in stocks have the opportunity to share in the prosperity of successful companies, effectively participating in a form of wealth redistribution through their investment activities. Thus, while not the primary purpose of stock exchanges, the opportunity for individuals to benefit from
2261-649: Is considered its Golden Age , during which it became the wealthiest city in the Western world. Ships sailed from Amsterdam to the Baltic Sea , the Caribbean, North America, and Africa, as well as present-day Indonesia , India, Sri Lanka , and Brazil , forming the basis of a worldwide trading network. Amsterdam's merchants had the largest share in both the Dutch East India Company (VOC) and
2380-414: Is considered poor (making the firm vulnerable to a takeover by new management) or rises when management is doing well (making the firm less vulnerable to a takeover). In addition, publicly listed shares are subject to greater transparency so that investors can make informed decisions about a purchase. Consequently, it is alleged that public companies (companies that are owned by shareholders who are members of
2499-586: Is in the southwest. Amsterdam is connected to the North Sea through the long North Sea Canal . Amsterdam is intensely urbanised, as is the Amsterdam metropolitan area surrounding the city. Comprising 219.4 km (84.7 sq mi) of land, the city proper has 4,457 inhabitants per km and 2,275 houses per km . Parks and nature reserves make up 12% of Amsterdam's land area. Amsterdam has more than 100 km (60 mi) of canals , most of which are navigable by boat. The city's three main canals are
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#17327869318022618-672: Is little consensus among scholars as to when corporate stock was first traded. Some view the key event as the Dutch East India Company 's founding in 1602, while others point to much earlier developments (Bruges, Antwerp in 1531 and in Lyon in 1548). The first book in history of securities exchange, the Confusion of Confusions, was written by the Dutch-Jewish trader Joseph de la Vega and the Amsterdam Stock Exchange
2737-511: Is located in the Western Netherlands, in the province of North Holland , the capital of which is not Amsterdam, but rather Haarlem . The river Amstel ends in the city centre and connects to a large number of canals that eventually terminate in the IJ . Amsterdam's elevation is about −2 m (−6.6 ft) below sea level . The surrounding land is flat as it is formed of large polders . An artificial forest, Amsterdamse Bos ,
2856-497: Is not limitless (it was approximately $ 15 million in 2001 for a biotechnology company). Another alternative source of cash for a private company is a corporate partner, usually an established multinational company, which provides capital for the smaller company in return for marketing rights, patent rights, or equity. Corporate partnerships have been used successfully in a large number of cases. When people draw their savings and invest in shares (through an initial public offering or
2975-580: Is now situated. A decade later, the brokers moved their location to another leafy setting, this time under banyan trees at the junction of Meadows Street and what was then called Esplanade Road, now Mahatma Gandhi Road. With a rapid increase in the number of brokers, they had to shift places repeatedly. At last, in 1874, the brokers found a permanent location, the one that they could call their own. The brokers group became an official organization known as "The Native Share & Stock Brokers Association" in 1875. The Bombay Stock Exchange continued to operate out of
3094-670: Is often considered the oldest "modern" securities market in the world. On the other hand, economist Ulrike Malmendier of the University of California at Berkeley argues that a share market existed as far back as ancient Rome , that derives from Etruscan "Argentari". In the Roman Republic , which existed for centuries before the Empire was founded, there were societates publicanorum , organizations of contractors or leaseholders who performed temple-building and other services for
3213-475: Is open to both the large and small stock investors as minimum investment amounts are minimal. Therefore, the stock exchange provides the opportunity for small investors to own shares of the same companies as large investors. Governments at various levels may decide to borrow money to finance infrastructure projects such as sewage and water treatment works or housing estates by selling another category of securities known as bonds . These bonds can be raised through
3332-405: Is restricted to brokers who are members of the exchange. In recent years, various other trading venues such as electronic communication networks, alternative trading systems and " dark pools " have taken much of the trading activity away from traditional stock exchanges. Initial public offerings of stocks and bonds to investors is done in the primary market and subsequent trading is done in
3451-523: Is the usual way that derivatives and bonds are traded. Increasingly, stock exchanges are part of a global securities market. Stock exchanges also serve an economic function in providing liquidity to shareholders in providing an efficient means of disposing of shares. In recent years, as the ease and speed of exchanging stocks over digital platforms has increased, volatility in the day-to-day market has increased, too. The beginnings of lending were in Italy in
3570-688: The Concertgebouw were built; At the same time, the Industrial Revolution reached the city. The Amsterdam–Rhine Canal was dug to give Amsterdam a direct connection to the Rhine , and the North Sea Canal was dug to give the port a shorter connection to the North Sea . Both projects dramatically improved commerce with the rest of Europe and the world. In 1906, Joseph Conrad gave a brief description of Amsterdam as seen from
3689-546: The Alternext , CAC Small , SDAX , TecDAX ). Alternative investment funds refer to funds that include hedge funds, venture capital, private equity, angel funds, real estate, commodities, collectibles, structured products , etc. Alternative investment funds are an alternative to traditional investment options (stocks, bonds, and cash). Companies have also raised significant amounts of capital through R&D limited partnerships . Tax law changes that were enacted in 1987 in
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3808-750: The Amsterdam Museum ; Stedelijk Museum , with modern art; the Concertgebouw concert hall; the Anne Frank House ; the Scheepvaartmuseum , the Natura Artis Magistra ; Hortus Botanicus , NEMO , the red-light district and cannabis coffee shops . The city is known for its nightlife and festival activity, with several nightclubs among the world's most famous. Its artistic heritage, canals and narrow canal houses with gabled façades , well-preserved legacies of
3927-577: The Dutch East Indies in the 1940s and 1950s. In the 1960s guest workers from Turkey, Morocco, Italy, and Spain immigrated to Amsterdam. After the independence of Suriname in 1975, a large wave of Surinamese settled in Amsterdam, mostly in the Bijlmer area. Other immigrants, including refugees asylum seekers and undocumented immigrants , came from Europe, the Americas, Asia and Africa. In
4046-474: The Dutch Republic , which itself was a much smaller state than Great Britain, France or the Ottoman Empire . In contrast to those other metropolises, Amsterdam was also surrounded by large towns such as Leiden (about 67,000), Rotterdam (45,000), Haarlem (38,000) and Utrecht (30,000). The city's population declined in the early 19th century, dipping under 200,000 in 1820. By the second half of
4165-593: The Dutch West India Company . These companies acquired overseas possessions that later became Dutch colonies . Amsterdam was Europe's most important hub for the shipment of goods and was the leading financial centre of the Western world. In 1602, the Amsterdam office of the Dutch East India Company became the world's first stock exchange by trading in its own shares. The Bank of Amsterdam started operations in 1609, acting as
4284-688: The Edict of Fontainebleau in 1685, while the Flemish Protestants came during the Eighty Years' War against Catholic Spain. The Westphalians came to Amsterdam mostly for economic reasons; their influx continued through the 18th and 19th centuries. Before the Second World War, 10% of the city population was Jewish . Just twenty percent of them survived the Holocaust . Amsterdam experienced an influx of religions and cultures after
4403-664: The Iberian Peninsula , Protestant Huguenots from France, prosperous merchants and printers from Flanders , and economic and religious refugees from the Spanish-controlled parts of the Low Countries found safety in Amsterdam. The influx of Flemish printers and the city's intellectual tolerance made Amsterdam a centre for the European free press . During the 17th century, Amsterdam experienced what
4522-697: The Indian Government under the Securities Contracts Regulation Act. Construction of the present building, the Phiroze Jeejeebhoy Towers at Dalal Street , Fort area , began in the late 1970s and was completed and occupied by the BSE in 1980. Initially named the BSE Towers , the name of the building was changed soon after occupation, in memory of Sir Phiroze Jamshedji Jeejeebhoy , chairman of
4641-631: The Netherlands . It has a population of 921,402 within the city proper, 1,457,018 in the urban area and 2,480,394 in the metropolitan area . Located in the Dutch province of North Holland , Amsterdam is colloquially referred to as the " Venice of the North ", for its large number of canals , now a UNESCO World Heritage Site . Amsterdam was founded at the mouth of the Amstel River, which
4760-766: The North Sea to the west, with prevailing westerly winds. Amsterdam, as well as most of the North Holland province, lies in USDA Hardiness zone 8b. Frosts mainly occur during spells of easterly or northeasterly winds from the inner European continent. Even then, because Amsterdam is surrounded on three sides by large bodies of water, as well as having a significant heat-island effect , nights rarely fall below −5 °C (23 °F), while it could easily be −12 °C (10 °F) in Hilversum , 25 km (16 mi) southeast. Summers are moderately warm with
4879-792: The Prinsengracht , the Herengracht and the Keizersgracht . In the Middle Ages , Amsterdam was surrounded by a moat, called the Singel , which now forms the innermost ring in the city, and gives the city centre a horseshoe shape. The city is also served by a seaport . It has been compared with Venice , due to its division into about 90 islands, which are linked by more than 1,200 bridges. Amsterdam has an oceanic climate ( Köppen : Cfb ) strongly influenced by its proximity to
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4998-633: The São Paulo Stock Exchange (2007). The Shenzhen Stock Exchange and Shanghai Stock Exchange can be characterized as quasi-state institutions insofar as they were created by government bodies in China and their leading personnel are directly appointed by the China Securities Regulatory Commission . Another example is Tashkent Stock Exchange established in 1994, three years after the collapse of
5117-497: The UNESCO World Heritage List . In the 21st century, the Amsterdam city centre has attracted large numbers of tourists: between 2012 and 2015, the annual number of visitors rose from 10 to 17 million. Real estate prices have surged, and local shops are making way for tourist-oriented ones, making the centre unaffordable for the city's inhabitants. These developments have evoked comparisons with Venice ,
5236-555: The count of Holland . A major turning point in the development of the Amstel river mouth was the All Saint's Flood of 1170 . In an extremely short period of time, the shallow river IJ turned into a wide estuary, which from then on offered the Amstel an open connection to the Zuiderzee , IJssel and waterways further afield. This made the water flow of the Amstel more active, so excess water could be drained better. With drier banks,
5355-767: The seasoned equity offering of an already listed company), it usually leads to rational allocation of resources because funds, which could have been consumed, or kept in idle deposits with banks, are mobilized and redirected to help companies' management boards finance their organizations. This may promote business activity with benefits for several economic sectors such as agriculture, commerce and industry, resulting in stronger economic growth and higher productivity levels of firms. Companies view acquisitions as an opportunity to expand product lines , increase distribution channels, hedge against volatility , increase their market share , or acquire other necessary business assets . A takeover bid or mergers and acquisitions through
5474-456: The secondary market . A stock exchange is often the most important component of a stock market . Supply and demand in stock markets are driven by various factors that, as in all free markets , affect the price of stocks (see stock valuation ). There is usually no obligation for stock to be issued through the stock exchange itself, nor must stock be subsequently traded on an exchange. Such trading may be off exchange or over-the-counter . This
5593-562: The social housing projects in Amsterdam-West and the Bijlmer. Today, people of non-Western origin make up approximately one-fifth of the population of Amsterdam, and more than 30% of the city's children. A slight majority of the residents of Amsterdam have at least one parent who was born outside the country. However, a much larger majority has at least one parent who was born inside the country (intercultural marriages are common in
5712-544: The stock indexes can be an indicator of the general trend in the economy. Stock exchanges offer employment opportunities to various individuals such as jobbers and other members who perform activities within the stock exchange. This makes the stock exchange a source of employment, not only for investors but also for the members and their employees. The diverse range of roles within the stock exchange, including trading, analysis, compliance, and administrative functions, creates an ecosystem of employment opportunities that support
5831-508: The stock market is one of the simplest and most common ways for a company to grow by acquisition or fusion. By going public and listing on a stock exchange, companies gain access to a broader pool of investors, which can provide the necessary funds for expansion, research and development, and other growth initiatives. Additionally, being listed on a stock exchange enhances a company's visibility and credibility, making it more attractive to potential partners, customers, and employees. According to
5950-527: The 1970s and 1980s, many 'old' Amsterdammers moved to 'new' cities like Almere and Purmerend , prompted by the third Land-use planning bill of the Dutch Government. This bill promoted suburbanization and arranged for new developments in so-called "groeikernen", literally cores of growth . Young professionals and artists moved into neighborhoods De Pijp and the Jordaan abandoned by these Amsterdammers. The non-Western immigrants settled mostly in
6069-422: The 19th century, industrialization spurred renewed growth. Amsterdam's population hit an all-time high of 872,000 in 1959, before declining in the following decades due to government-sponsored suburbanisation to so-called groeikernen (growth centres) such as Purmerend and Almere . Between 1970 and 1980, Amsterdam experienced a sharp population decline, peaking at a net loss of 25,000 people in 1973. By 1985
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#17327869318026188-566: The Americas were overblown. In London, Parliament passed the Bubble Act , which stated that only royally chartered companies could issue public shares. In Paris, Law was stripped of office and fled the country. Stock trading was more limited and subdued in subsequent decades. Yet the market survived, and by the 1790s shares were being traded in the young United States. On May 17, 1792, the New York Stock Exchange opened under
6307-620: The BSE share which is traded in NSE only closed with ₹999. Stock exchanges have multiple roles in the economy. This may include the following: Besides the borrowing capacity provided to an individual or firm by the banking system , in the form of credit or a loan, a stock exchange provides companies with the facility to raise capital for expansion through selling shares to the investing public. Capital intensive companies, particularly high tech companies, typically need to raise high volumes of capital in their early stages. For this reason,
6426-452: The BSE since 1966, following his death. In 1986, the BSE developed the S&;P BSE SENSEX index, giving the BSE a means to measure the overall performance of the exchange. In 2000, the BSE used this index to open its derivatives market, trading S&P BSE SENSEX futures contracts. The development of S&P BSE SENSEX options along with equity derivatives followed in 2001 and 2002, expanding
6545-505: The BSE's trading platform. Historically an open outcry floor trading exchange, the Bombay Stock Exchange switched to an electronic trading system developed by Cmc ltd . in 1995. It took the exchange only 50 days to make this transition. This automated, screen-based trading platform called BSE On-Line Trading (BOLT) had a capacity of 8 million orders per day. Now BSE has raised capital by issuing shares and as on 3 May 2017
6664-931: The Burgundian victory in the Dutch–Hanseatic War in 1441. The population of Amsterdam was only modest compared to the towns and cities of Flanders and Brabant , which comprised the most urbanized area of the Low Countries. This changed when, during the Dutch Revolt , many people from the Southern Netherlands fled to the North, especially after Antwerp fell to Spanish forces in 1585. Jews from Spain, Portugal and Eastern Europe similarly settled in Amsterdam, as did Germans and Scandinavians. In thirty years, Amsterdam's population more than doubled between 1585 and 1610. By 1600, its population
6783-423: The Hanseatic League as middlemen. The city became the staple market of Europe for bulk cargo . This was made possible due to innovations in the herring fishery , from which Amsterdam reaped great wealth. Herring had demand in markets all around Europe. Inventions of on-board gibbing and the haringbuis in 1415, made longer voyages feasible, and hence enabled Dutch fishermen to follow the herring shoals far from
6902-410: The Holocaust victim and diarist Anne Frank . Due to its geographical location in what used to be wet peatland , the founding of Amsterdam is later than other urban centres in the Low Countries . However, around the area of what later became Amsterdam, farmers settled as early as three millennia ago. They lived along the prehistoric IJ river and upstream of its tributary Amstel. The prehistoric IJ
7021-502: The ISIN system is used worldwide by funds, companies, and governments. However, when poor financial, ethical or managerial records become public, stock investors tend to lose money as the stock and the company tend to lose value. In the stock exchanges, shareholders of underperforming firms are often penalized by significant share price decline, and they tend as well to dismiss incompetent management teams. As opposed to other businesses that require huge capital outlay, investing in shares
7140-459: The Netherlands. This led to the establishment of many non-Dutch-speaking churches. In 1603, the Jewish received permission to practice their religion in the city. In 1639, the first synagogue was consecrated. The Jews came to call the town " Jerusalem of the West ". As they became established in the city, other Christian denominations used converted Catholic chapels to conduct their own services. The oldest English-language church congregation in
7259-407: The Second World War a large section of the neighbourhood was demolished during the construction of the metro system. This led to riots, and as a result the original plans for large-scale reconstruction were abandoned by the government. The neighbourhood was rebuilt with smaller-scale residence buildings on the basis of its original layout. Catholic churches in Amsterdam have been constructed since
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#17327869318027378-409: The Second World War. With 180 different nationalities, Amsterdam is home to one of the widest varieties of nationalities of any city in the world. The proportion of the population of immigrant origin in the city proper is about 50% and 88% of the population are Dutch citizens. The first mass immigration in the 20th century was by people from Indonesia, who came to Amsterdam after the independence of
7497-478: The Soviet Union, mainly state-owned but has a form of a public corporation ( joint-stock company ). Korea Exchange (KRX) owns 25% less one share of the Tashkent Stock Exchange. In 2018, there were 15 licensed stock exchanges in the United States, of which 13 actively traded securities. All of these exchanges were owned by three publicly traded multinational companies, Intercontinental Exchange , Nasdaq, Inc. , and Cboe Global Markets , except one, IEX . In 2019,
7616-463: The United States changed the tax deductibility of investments in R&D limited partnerships. In order for a partnership to be of interest to investors today, the cash on cash return must be high enough to entice investors. A general source of capital for startup companies has been venture capital . This source remains largely available today, but the maximum statistical amount that the venture company firms in aggregate will invest in any one company
7735-413: The book described a market that was sophisticated but also prone to excesses, and de la Vega offered advice to his readers on such topics as the unpredictability of market shifts and the importance of patience in investment. In England, the Dutch King William III sought to modernize the kingdom's finances to pay for its wars, and thus the first government bonds were issued in 1693 and the Bank of England
7854-439: The city an important place of pilgrimage . During the heyday of the Stille Omgang , which became the expression of the pilgrimage after the Protestant Reformation , up to 90,000 pilgrims came to Amsterdam. From the 14th century on, Amsterdam flourished, largely from trade with the Hanseatic League . From the 15th century on the city established an independent trade route with the Baltic Sea in grain and timber, cutting out
7973-425: The city had only 675,570 residents. This was soon followed by reurbanization and gentrification , leading to renewed population growth in the 2010s. Also in the 2010s, much of Amsterdam's population growth was due to immigration to the city. In the 16th and 17th century, non-Dutch immigrants to Amsterdam were mostly Protestant Huguenots and Flemings , Sephardic Jews , and Westphalians . Huguenots came after
8092-431: The city's Zuidoost (southeast) exclave and the centre of Amsterdam. Further plans were to build a new highway above the metro to connect Amsterdam Centraal and the city centre with other parts of the city. The required large-scale demolitions began in Amsterdam's former Jewish neighborhood. Smaller streets, such as the Jodenbreestraat and Weesperstraat, were widened and almost all houses and buildings were demolished. At
8211-468: The city's 17th-century Golden Age, have attracted millions of visitors annually. The Amsterdam Stock Exchange , founded in 1602, is considered the oldest "modern" securities market stock exchange in the world. As the commercial capital of the Netherlands and one of the top financial centres in Europe, Amsterdam is considered an alpha world city . The city is the cultural capital of the Netherlands. Many large Dutch institutions have their headquarters in
8330-499: The city). Only a third of inhabitants under 15 are autochthons ( person with two parents of Dutch origin). In 2023, autochthons were a minority in 40% of Amsterdam's neighborhoods. Segregation along ethnic lines is clearly visible, with people of non-Western origin, considered a separate group by Statistics Netherlands , concentrating in specific neighborhoods especially in Nieuw-West , Zeeburg , Bijlmer and in certain areas of Amsterdam-Noord . In 2000, Christians formed
8449-404: The city. Many of the world's largest companies are based here or have established their European headquarters in the city, such as technology companies Uber , Netflix , and Tesla . In 2022, Amsterdam was ranked the ninth-best city to live in by the Economist Intelligence Unit and 12th on quality of living for environment and infrastructure by Mercer. The city was ranked 4th place globally as
8568-673: The city. During the French Revolutionary Wars and the Napoleonic Wars , Amsterdam's significance reached its lowest point, with Holland being absorbed into the French Empire . However, the later establishment of the United Kingdom of the Netherlands in 1815 marked a turning point. The end of the 19th century is sometimes called Amsterdam's second Golden Age. New museums, a railway station, and
8687-439: The coasts, giving them a monopoly in the industry. The herring industry relied on international trade cooperation and large initial investments in ships. This required many highly skilled and unskilled workers cooperating, as well as the import of the necessary raw materials to turn an unfinished product into a marketable one. This required merchants to then sell it throughout the continent and book-keepers and accountants to divide
8806-479: The company has demonstrated credibility and potential from successful outcomes: clinical trials, market research, patent registrations, etc. This shift in market expectations has led to an increased reliance on private equity and venture capital funding in the early stages of high-tech companies. This is quite different from the situation of the 1990s to early-2000s period, when a number of companies (particularly Internet boom and biotechnology companies) went public in
8925-527: The country. Some Amsterdam citizens sheltered Jews, thereby exposing themselves and their families to a high risk of being imprisoned or sent to concentration camps. More than 100,000 Dutch Jews were deported to Nazi concentration camps , of whom some 60,000 lived in Amsterdam. In response, the Dutch Communist Party organized the February strike attended by 300,000 people to protest against
9044-484: The development of a dam on the Amstel River called Amestelle , meaning 'watery area', from Aa(m) 'river' + stelle 'site at a shoreline', 'river bank'. In this area, land reclamation started as early as the late 10th century. Amestelle was located along a side arm of the IJ. This side arm took the name from the eponymous land: Amstel. Amestelle was inhabited by farmers, who lived more inland and more upstream, where
9163-417: The downstream Amstel mouth became attractive for permanent habitation. Moreover, the river had grown from an insignificant peat stream into a junction of international waterways. A settlement was built here immediately after the landscape change of 1170. Right from the start of its foundation it focused on traffic, production and trade; not on farming, as opposed to how communities had lived further upstream for
9282-521: The entire city centre. Although the success of this struggle is visible today, efforts for further restoration are still ongoing. The entire city centre has reattained its former splendour and, as a whole, is now a protected area . Many of its buildings have become monuments, and in July 2010 the Grachtengordel (the three concentric canals: Herengracht, Keizersgracht, and Prinsengracht) was added to
9401-505: The following year. In 2004, he was the inaugural winner of the BRL V6 touring-car series. Amsterdam Amsterdam ( / ˈ æ m s t ər d æ m / AM -stər-dam , UK also / ˌ æ m s t ər ˈ d æ m / AM -stər- DAM , Dutch: [ˌɑmstərˈdɑm] ; lit. ' Dam in the Amstel ' ) is the capital and most populated city of
9520-441: The general public and trade shares on public exchanges) tend to have better management records than privately held companies (those companies where shares are not publicly traded, often owned by the company founders, their families and heirs, or otherwise by a small group of investors). Despite this claim, some well-documented cases are known where it is alleged that there has been considerable slippage in corporate governance on
9639-551: The government. One such service was the feeding of geese on the Capitoline Hill as a reward to the birds after their honking warned of a Gallic invasion in 390 B.C. Participants in such organizations had partes or shares, a concept mentioned various times by the statesman and orator Cicero . In one speech, Cicero mentions "shares that had a very high price at the time". Such evidence, in Malmendier's view, suggests
9758-551: The inhabitants of the village to travel freely through the County of Holland , paying no tolls at bridges, locks and dams. This was a move in a years-long struggle for power in the area between the count of Holland and the Amstel family who governed the area on behalf of the bishop of Utrecht. By 1327, the name had developed into Aemsterdam . The bishop of Utrecht granted Amsterdam zone rights in either 1300 or 1306. The Mirakel van Amsterdam [ nl ] in 1345 rendered
9877-566: The instruments were tradable, with fluctuating values based on an organization's success. The societas declined into obscurity in the time of the emperors, as most of their services were taken over by direct agents of the state. Tradable bonds as a commonly used type of security were a more recent innovation, spearheaded by the Italian city-states of the late medieval and early Renaissance periods. Joseph de la Vega , also known as Joseph Penso de la Vega and by other variations of his name,
9996-411: The issue and redemption of such securities and instruments and capital events including the payment of income and dividends . Securities traded on a stock exchange include stock issued by listed companies , unit trusts , derivatives , pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets with buyers and sellers consummating transactions via open outcry at
10115-426: The land was not as wet as at the banks of the downstream river mouth. These farmers were starting the reclamation around upstream Ouderkerk aan de Amstel , and later at the other side of the river at Amstelveen . The Van Amstel family , known in documents by this name since 1019, held the stewardship in this northwestern nook of the ecclesiastical district of the bishop of Utrecht . The family later served also under
10234-522: The largely Catholic city of Amsterdam joined the revolt against Spanish rule, late in comparison to other major northern Dutch cities. Catholic priests were driven out of the city. Following the Dutch takeover, all churches were converted to Protestant worship. Calvinism was declared the main religion. It was forbidden to openly profess Roman Catholicism and the Catholic hierarchy was prohibited until
10353-549: The largest religious group in the city (28% of the population). The next largest religion was Islam (8%), most of whose followers were Sunni . In 2015, Christians formed the largest religious group in the city (28% of the population). The next largest religion was Islam (7.1%), most of whose followers were Sunni . Amsterdam has been one of the municipalities in the Netherlands which provided immigrants with extensive and free Dutch-language courses, which have benefited many immigrants. Religion in Amsterdam (2015) In 1578,
10472-442: The late Middle Ages. In the 14th century, Venetian lenders would carry slates with information on the various issues for sale and meet with clients, much like a broker does today. Venetian merchants introduced the principle of exchanging debts between moneylenders ; a lender looking to unload a high-risk, high-interest loan might exchange it for a different loan with another lender. These lenders also bought government debt issues. As
10591-445: The major stock exchanges have demutualized , where the members sell their shares in an initial public offering . In this way the mutual organization becomes a corporation, with shares that are listed on a stock exchange. Examples are Australian Securities Exchange (1998), Euronext (merged with New York Stock Exchange), NASDAQ (2002), Bursa Malaysia (2004), the New York Stock Exchange (2005), Bolsas y Mercados Españoles , and
10710-443: The mid-19th century . This led to the establishment of clandestine churches , covert religious buildings hidden in pre-existing buildings. Catholics, some Jews and dissenting Protestants worshipped in such buildings. A large influx of foreigners of many religions came to 17th-century Amsterdam, in particular Sefardic Jews from Spain and Portugal, Huguenots from France, Lutherans , Mennonites , as well as Protestants from across
10829-468: The most prominent stock exchanges around the world in the total absence of sales, earnings, or any type of well-documented promising outcome. Though it is not as common, it still happens that highly speculative and financially unpredictable hi-tech startups are listed for the first time in a major stock exchange. Additionally, there are smaller, specialized entry markets for these kind of companies with stock indexes tracking their performance (examples include
10948-621: The natural evolution of their business continued, the lenders began to sell debt issues to the first individual investors. The Venetians were the leaders in the field and the first to start trading securities from other governments, yet did not embark on private trade with India. Nor did the Italians connect on land with the Chinese Silk Road . Along the potential overland trade route, Holy Roman Emperor Frederick II repulsed advances by Mongol Batu Kahn ( Golden Horde ) in 1241. There
11067-417: The operations and functions of the exchange. Additionally, the stock exchange's role in facilitating capital formation and investment in businesses also indirectly contributes to job creation and economic growth, making it a significant player in the employment landscape. The stock exchange plays a role in regulating companies by exerting a significant influence on their management practices. To be listed on
11186-628: The overall integrity and reliability of the financial markets, fostering an environment where companies are held accountable for their actions and decisions, ultimately benefiting both investors and the broader economy. Each stock exchange imposes its own listing requirements upon companies that want to be listed on that exchange. Such conditions may include minimum number of shares outstanding, minimum market capitalization, and minimum annual income. The listing requirements imposed by some stock exchanges include: Stock exchanges originated as mutual organizations , owned by its member stockbrokers. However,
11305-873: The part of some public companies, particularly in the cases of accounting scandals . The policies that led to the dot-com bubble in the late 1990s and the subprime mortgage crisis in 2007–08 are also examples of corporate mismanagement. The mismanagement of companies such as Pets.com (2000), Enron (2001), One.Tel (2001), Sunbeam Products (2001), Webvan (2001), Adelphia Communications Corporation (2002), MCI WorldCom (2002), Parmalat (2003), American International Group (2008), Bear Stearns (2008), Lehman Brothers (2008), General Motors (2009) and Satyam Computer Services (2009) all received plenty of media attention. Many banks and companies worldwide utilize securities identification numbers ( ISIN ) to identify, uniquely, their stocks, bonds and other securities. Adding an ISIN code helps to distinctly identify securities and
11424-437: The past 200 years and northward for thousands of years. The construction of a dam at the mouth of the Amstel, eponymously named Dam , is historically estimated to have occurred between 1264 and 1275. The settlement first appeared in a document from 1275, concerning a road toll granted by the count of Holland Floris V to the residents apud Amestelledamme 'at the dam in the Amstel' or 'at the dam of Amstelland'. This allowed
11543-592: The peak of the demolition, the Nieuwmarktrellen ( Nieuwmarkt riots ) broke out; the rioters expressed their fury about the demolition caused by the restructuring of the city. As a result, the demolition was stopped and the highway into the city's centre was never fully built; only the metro was completed. Only a few streets remained widened. The new city hall was built on the almost completely demolished Waterlooplein. Meanwhile, large private organizations, such as Stadsherstel Amsterdam , were founded to restore
11662-412: The principal when the bonds mature. At the stock exchange, share prices rise and decreases depending, largely, on economic forces. Share prices tend to rise or remain stable when companies and the economy in general show signs of stability and growth. A recession , depression , or financial crisis could eventually lead to a stock market crash . Therefore, the movement of share prices and in general of
11781-611: The profit. In short, the herring industry was setting up the foundations for what would later become the transcontinental trade system and the Dutch Golden Age , with Amsterdam at its centre, hence the saying "Amsterdam is built on Herring bones". The Low Countries were part of the Hapsburg inheritance and came under the Spanish monarchy in the early sixteenth century. The Dutch rebelled against Philip II of Spain , who led
11900-439: The public market provided by the stock exchanges has been one of the most important funding sources for many capital intensive startups . In the 1990s and early 2000s, hi-tech listed companies experienced a boom and bust in the world's major stock exchanges. Since then, it has been much more demanding for the high-tech entrepreneur to take his/her company public, unless either the company is already generating sales and earnings, or
12019-558: The public streets, however, were still forbidden under law at the time. Only in the 20th century was Amsterdam's relation to Catholicism normalised, but despite its far larger population size, the episcopal see of the city was placed in the provincial town of Haarlem . Stock exchange A stock exchange , securities exchange , or bourse is an exchange where stockbrokers and traders can buy and sell securities , such as shares of stock , bonds and other financial instruments . Stock exchanges may also provide facilities for
12138-532: The raids. The most famous deportee was the young Jewish girl Anne Frank , who died in the Bergen-Belsen concentration camp . At the end of the Second World War, communication with the rest of the country broke down, and food and fuel became scarce. Many citizens traveled to the countryside to forage. Dogs, cats, raw sugar beets , and tulip bulbs—cooked to a pulp—were consumed to stay alive. Many trees in Amsterdam were cut down for fuel, and wood
12257-661: The restoration of the episcopal hierarchy in 1853. One of the principal architects behind the city's Catholic churches, Cuypers , was also responsible for the Amsterdam Centraal station and the Rijksmuseum . In 1924, the Catholic Church hosted the International Eucharistic Congress in Amsterdam; numerous Catholic prelates visited the city, where festivities were held in churches and stadiums. Catholic processions on
12376-738: The seaside, in The Mirror of the Sea . Shortly before the First World War , the city started to expand again, and new suburbs were built. Even though the Netherlands remained neutral in this war, Amsterdam suffered a food shortage, and heating fuel became scarce. The shortages sparked riots in which several people were killed. These riots are known as the Aardappeloproer (Potato rebellion). People started looting stores and warehouses to get supplies, mainly food. On 1 January 1921, after
12495-582: The second half of the 17th century, Amsterdam experienced an influx of Ashkenazim , Jews from Central and Eastern Europe . Jews often fled the pogroms in those areas. The first Ashkenazis who arrived in Amsterdam were refugees from the Khmelnytsky uprising occurring in Ukraine and the Thirty Years' War , which devastated much of Central Europe. They not only founded their own synagogues, but had
12614-440: The stock exchange whereby members of the public buy them, thus loaning money to the government. The issuance of such bonds can obviate, in the short term, direct taxation of citizens to finance development—though by securing such bonds with the full faith and credit of the government instead of with collateral, the government must eventually tax citizens or otherwise raise additional funds to make any regular coupon payments and refund
12733-470: The success of businesses can be seen as a form of wealth redistribution within the financial markets. Both casual and professional stock investors , as large as institutional investors or as small as an ordinary middle-class family , through dividends and stock price increases that may result in capital gains , share in the wealth of profitable businesses. Unprofitable and troubled businesses may result in capital losses for shareholders. By having
12852-420: The war and other events of the 20th century, almost the entire city centre had fallen into disrepair. As society was changing, politicians and other influential figures made plans to redesign large parts of it. There was an increasing demand for office buildings, and also for new roads, as the automobile became available to most people. A metro started operating in 1977 between the new suburb of Bijlmermeer in
12971-834: The world outside the United Kingdom is found at the Begijnhof . Regular services there are still offered in English under the auspices of the Church of Scotland . Being Calvinists, the Huguenots soon integrated into the Dutch Reformed Church , though often retaining their own congregations. Some, commonly referred to by the moniker 'Walloon', are recognizable today as they offer occasional services in French. In
13090-526: Was a shallow and quiet stream in peatland behind beach ridges . This secluded area was able to grow into an important local settlement centre, especially in the late Bronze Age , the Iron Age and the Roman Age . Neolithic and Roman artefacts have also been found in the prehistoric Amstel bedding under Amsterdam's Damrak and Rokin , such as shards of Bell Beaker culture pottery (2200–2000 BC) and
13209-410: Was acting in effect as France's central banker. Investors snapped up shares in both, and whatever else was available. In 1720, at the height of the mania, there was even an offering of "a company for carrying out an undertaking of great advantage, but nobody to know what it is". By the end of that same year, share prices had started collapsing, as it became clear that expectations of imminent wealth from
13328-545: Was also a member of the Society of Suriname , an organisation founded to oversee the management of the Dutch colony of Surinam , which was economically dependent on slave plantations . On 1 July 2021, the mayor of Amsterdam , Femke Halsema , apologised for the city's involvement in the slave trade. Amsterdam's prosperity declined during the 18th and early 19th centuries. The wars of the Dutch Republic with England (latterly, Great Britain ) and France took their toll on
13447-401: Was an Amsterdam trader from a Spanish Jewish family and a prolific writer as well as a successful businessman in 17th-century Amsterdam. His 1688 book Confusion of Confusions explained the workings of the city's stock market . It was the earliest book about stock trading and inner workings of a stock market, taking the form of a dialogue between a merchant, a shareholder and a philosopher,
13566-488: Was around 50,000. During the 1660s, Amsterdam's population reached 200,000. The city's growth levelled off and the population stabilized around 240,000 for most of the 18th century. In 1750, Amsterdam was the fourth largest city in Western Europe , behind London (676,000), Paris (560,000) and Naples (324,000). This was all the more remarkable as Amsterdam was neither the capital city nor the seat of government of
13685-502: Was completed in 2018. Since 2014, renewed focus has been given to urban regeneration and renewal, especially in areas directly bordering the city centre, such as Frederik Hendrikbuurt . This urban renewal and expansion of the traditional centre of the city—with the construction on artificial islands of the new eastern IJburg neighbourhood—is part of the Structural Vision Amsterdam 2040 initiative. Amsterdam
13804-434: Was dammed to control flooding. Originally a small fishing village in the 12th century, Amsterdam became a major world port during the Dutch Golden Age of the 17th century, when the Netherlands was an economic powerhouse. Amsterdam was the leading centre for finance and trade, as well as a hub of secular art production. In the 19th and 20th centuries, the city expanded and new neighborhoods and suburbs were built. The city has
13923-653: Was posting regular lists of stock and commodity prices. Those lists mark the beginning of the London Stock Exchange . One of history's greatest financial bubbles occurred around 1720. At the center of it were the South Sea Company , set up in 1711 to conduct English trade with South America, and the Mississippi Company , focused on commerce with France's Louisiana colony and touted by transplanted Scottish financier John Law , who
14042-480: Was set up the following year. Soon thereafter, English joint-stock companies began going public. London's first stockbrokers, however, were barred from the old commercial center known as the Royal Exchange, reportedly because of their rude manners. Instead, the new trade was conducted from coffee houses along Exchange Alley . By 1698, a broker named John Castaing, operating out of Jonathan's Coffee House ,
14161-512: Was taken from the houses, apartments and other buildings of deported Jews. The city was finally liberated by Canadian forces on 5 May 1945, shortly before the end of the war in Europe. Many new suburbs, such as Osdorp , Slotervaart , Slotermeer and Geuzenveld , were built in the years after the Second World War. These suburbs contained many public parks and wide-open spaces, and the new buildings provided improved housing conditions with larger and brighter rooms, gardens, and balconies. Because of
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