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Working Lunch Tuesday, 4 March, 2003, 15:25 GMT
A journey through history
Adam Shaw
Adam has been taking a trip back in time to examine how some of our financial traditions came into being.

  • Why was interest first invented?
  • Who issued the first shares?
  • What did the first insurance policies cover?

    With the help of such historical figures as Aristotle, Henry VIII and Hath Christ Not Died for Thee Thou Wouldst Be Damned Barebone (honest!), Adam explains how these institutions arose and developed into the framework of our financial system.

    Click on the links below to read his reports.


    Interest
    Adam

    Adam goes back 6,000 years to trace the agricultural roots of interest and discovers why moral opposition to it continues today.


    Shares
    Coffee house

    Issuing shares in a company is a relatively recent development - well, 16th century. Find out why coffee houses were the forerunners of today's stock exchanges.


    Insurance
    Ship

    The need for insurance arose from Britain's might as a shipping nation - now the insurance sector dwarfs the industry which spawned it.

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