Two global institutions began as regulars' tables in a coffee house.

London's first coffee house opened in 1652; by 1675 England had over 3,000. A penny at the door bought newspapers and conversation, hence the nickname "penny universities". Ship insurers met at Edward Lloyd's from about 1689 and stockbrokers at Jonathan's – these became Lloyd's and the London Stock Exchange.

Useful: Institutions tend to grow where the right people meet regularly.

Source: en.wikipedia.org

17 jahrhundertAlltag Wirtschaft

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