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The Dutch later started joint stock companies, which let shareholders invest in business ventures and get a share of their profits-or losses. In 1602, the Dutch East India Company issued the first shares on the Amsterdam Stock Exchange. It was the first company to issue stocks and bonds. The Amsterdam Stock Exchange (or Amsterdam Beurs) is also said to have been the first stock exchange to introduce continuous trade in the early 17th century.
After 1930 the industry gradually grew and prospered under SEC regulation until the late 1960s, when demand for new business boomed. The amount of new common stock issued increased from about $10 billion in 1965 to a peak of over $40 billion by 1968.ollowing one of its worst years on record in 1990, industry pre-tax income rose to historical highs of $8.6 billion in 1991 and over $10 billion in 1992. Low interest rates and high stock prices sparked much of the activity.