From the Dutch who would sell shares of the profit they were going to make before a voyage. Very different from the norm at the time when usually a monarch or noble would fund such projects. I personally think it’s a very good spot in history to think of the beginning of capitalism
Yeah - the basis of capitalism is giving someone a loan since you believe they will pay you back more.
And that started way earlier than 400 years
I wonder where that number came from
From the Dutch who would sell shares of the profit they were going to make before a voyage. Very different from the norm at the time when usually a monarch or noble would fund such projects. I personally think it’s a very good spot in history to think of the beginning of capitalism