History is full of bubbles, booms and busts, corporate collapses and crises, which illuminate the present financial world. At Stewart Investors we believe that an appreciation of financial history can make us more effective investors today.
We believe we have an obligation as investors to support a savings culture and help demystify the world of investment. Here are some articles which may be of interest.
These articles are provided for information only and do not constitute and should not be construed as, investment advice or a recommendation to transact in any company, stock or sector mentioned.
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The stock market and bond market have their origins in the financial revolution of the late 17th century. The stock market developed to provide funds for overseas trading companies, like the English East India Company, while the bond market funded the state, mostly raising funds for waging of war.
Debt binges are common in financial history - huge accumulations of debt by companies, individuals or governments. The deflation which may follow in their wake can transform economies and societies. A lesser known example occurred in Scotland in the 17th century when Highland chiefs amassed a mountain of debt.