10000 years of economy - Great discoveries

10000 years of economy

10000 years of economy
Great discoveries

1474 - 1740

During the 16th and 17th centuries, trade between continents grows thanks to the great expeditions conducted by European explorers. These exchanges arouse in return innovations, particularly in the field of finance.
Late 15th - 16th centuries

The Great Discoveries
1494

Double-entry accounting
16th to 17th centuries

Implementation of the mercantilist doctrine in several European countries
1517

Economic principles of Protestantism
1540

First commodities exchange in France
1545

Spain starts extracting silver from the mines in Potosi
1568

Controversy between Bodin and Malestroit in France
17th to 18th centuries

Heyday of the triangular trade between Europe, Africa and America
1636-1637

First speculative bubble, on the tulip bulb market
1661

First bearer notes redeemable in cash in Sweden
1662

William Petty’s Treatise of taxes and contributions
1668

Creation of the first central bank
1685

Money issuance through the reuse of playing cards in Canada (New France)
Early 18th century

Beginning of the agricultural revolution in Europe
1701 - 1716

First paper money issuance in France
1720

South Sea Bubble in Great Britain
1724

Creation of the Paris Bourse

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