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Eighteenth-century Culture Research: The Royal Exchange - Essay Example

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The Royal Exchange is on a site that was originally provided by the City of London Corporation and the Worshipful Company of Mercers. This site forms a rough…
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Eighteenth-century Culture Research: The Royal Exchange
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"Eighteenth-century Culture Research: The Royal Exchange"

Download file to see previous pages All types of business operated out of the royal exchange. The Royal Stock Exchange, merchants, and insurance companies are just a few of the types of business. Before slavery was outlawed, the Royal Exchange was a place to trade, insure, and barter in human flesh (Adi). Every type of merchant from stock brokers to horse traders could be found at the Royal Exchange.
The Royal Exchange was a central part of 18th century Londoners. Tradesman sold their wares at the Royal Exchange. Consumers would go to the Royal Exchange to buy any and everything. Since the Bank of England was next door, consumers could withdraw money to buy goods. The merchants could deposit their earnings. The Royal Exchange was a massive part of the London downtown attraction in the 18th century.
The Royal Exchange also introduced a new aspect that took off; insurance. Londoners started buying life insurance, home insurance, renters insurance, business insurance, and so forth. Poor Londoners were suddenly rich when a parent or relative died. Insurance seemed like the lottery. What Londoners did not understand was insurance companies took their payments and invested in the stock market. Insurance companies were making money, beneficiaries were making money, and the Royal Exchange flourished.
The Royal Exchange was the beginning of the stock market. Many countries have imitated the Royal Exchange over the years, including America. Today, the Royal Exchange is aptly a shopping center. The significance of this usage is not lost on Londoners. The Royal Exchange has become a symbol of London society. It will always be an insignia of merchants and consumers. The Royal Exchange has metamorphosed into a modern day Royal ...Download file to see next pagesRead More
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