
Technical | Analysis page 53 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf
24 Part 1 Introduction Exchanges were developed later where more complicated negotiable instruments, such as state loan stocks, were invented, accepted, and traded. The earliest exchanges appeared in the fourteenth century, mostly in the Mediterranean cities of Pisa, Venice, Florence, Genoa, Valen-…