MyCity: LONDON

02 HISTORY OF LONDON

A surprising defining feature of London’s development has been its coffee houses. Introduced around 1650, these establishments were the preliminary versions of the stock exchange and insurance industry. Coffee houses such as Lloyds, Jonathan’s, and Garraway’s were the

beginning of the gigantic credit, security, and financial markets that led to London’s huge significance in worldwide trade.

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MYCITY / LONDON |