Daily Archives: January 23, 2016

Four Hundred and Forty Five Years Ago Today

The Royal Exchange opened in London, and while only the exchange of goods took place until the 17th century, it has a long and rich history as the fifth oldest exchange in the world (preceded only by Antwerp Bourse, Lyons Bourse, Toulouse Bourse, and Hamburg Bourse). It was destroyed by fire twice (the first time in the great fire of 1666 and again in 1838) but still stands, in its third instantiation, today.

It serves as a reminder of just how long established trade has been taking place in the western world and how old Global Supply chains really are.