Old Commodity Exchange, Prague, Czech Republic
Posted by: ToRo61
N 50° 05.153 E 014° 25.742
33U E 459154 N 5548336
Old Commodity Exchange in Prague
Waymark Code: WMGJWM
Location: Hlavní město Praha, Czechia
Date Posted: 03/13/2013
Views: 73
Efforts to create a stock exchange date back to the reign of the Empress Maria Theresa, but success was not achieved until 1871. Initially, both securities and commodities were traded at the Prague exchange. The Prague exchange enjoyed great success in the sugar trade, becoming a key market for the whole Austro-Hungarian Empire.
After World War I, however, this type of transaction declined, so thereafter only securities were traded. For the Prague exchange, the interwar period became the era of its greatest boom. The Prague exchange even surpassed the Vienna exchange in importance. This period of prosperity was, however, interrupted by the arrival of World War II, bringing an end to trading at the Prague exchange for more than 60 years.
The building of the former Commodity Exchange on Senovážné Square is located in the centre of Prague and serves now as The Congress Centre of the Czech National Bank.
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