the Exchange's organised market
the Exchange's organised market (and would most likely not have managed without) to raise the enormous amount of money in the wars against Napoleon. Foreign and regional exchangesAfter the war and facing a booming world economy, foreign lending to countries such as Brazil, Peru and Chile was a growing market. Notably, the Foreign Market at the Exchange allowed for merchants and traders to participate as well and The Royal Exchange hosted all transactions where foreign parties were involved. The ever-increasing of overseas business meant eventually the dealing in foreign securities had to be allowed within all of the Exchange's premises. J ust as London enjoyed its international growth forthcoming, the domestic Great Britain also benefited from the economic boom. Two other cities were particularly showing great business development, namely Liverpool and Manchester. Consequently, in 1836, both the Manchester and Liverpool Stock Exchanges were opened. These were also times when stockbroking was considered a real business profession and such attracted many entrepreneurs. Nevertheless, with booms came busts, and in 1835 the “Spanish panic” hit the markets, also followed by a second one two years later.
Some stocks soared by some 10, 20 and 30 pct, a week.
Some stocks soared by some 10, 20 and 30 pct, a week. The Exchange before the World WarsBy June 1853, both participating members and brokers were taking up so much space that the Exchange was now uncomfortably crowded and continual expansion plans were taking place. Being already extended west, east and northwards, it was then decided the Exchange needed an entire new establishment.