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Bremen Exchange
The Bremen Exchange (German: Bremer Börse) in Bremen was one of the eight German Regional stock exchanges until 2007. In 2000 it ceased to use the Open outcry method and in 2007 the last operative units were closed. The property of exchange's holding company went to the newly established Foundation of the Bremen Stock Exchange (Stiftung Bremer Wertpapierbörse), a non-profit organisation which is intended to benefit scholarship, research, and culture.
In the late Middle Ages the Bremer Marktplatz and Liebfrauenkirchhof passage were the most important centres of trade and commerce in Bremen. Desire for an exchange arose at the beginning of the seventeenth century. Therefore, in 1613/14, 28 small houses at the south end of Liebfrauenkirchhof passage were torn down. Twenty-one stone vaults for wine storage were constructed over the next six years. The empty space in the vaults was made into an exchange and was soon playing host to most business activities.
On account of the dilapidation of the vaults and the ever-increasing volume of trade, the Senate of Bremen issued the First Exchange Ordinance on 14 March 1682, as a result of which the architect Jean Baptiste Broebes began construction of a single story building in the Baroque style above the cellar in 1687. A second story, designed by Giselher von Warneck was built between 1734 and 1736.
This baroque building is known as the Old Exchange (Alte Börse). On the ground floor there was the trading hall and the lottery office. The office was rebuilt towards the end of the eighteenth century as a book store. In the new second story there was a large banquet hall and two smaller halls for concerts, weddings, guest receptions and similar events. At the time the vaulted cellar was probably connected to the Bremen Ratskeller. Activity in the Old Exchange concentrated predominantly on real estate, merchandise, and banking transactions, but stocks were also traded.
After Napoleon Bonaparte and his troops occupied Bremen, the Exchange was temporarily closed by the French. This prompted a move to Kramerhaus and the Town Hall, where commerce was able to continue. In October 1813, after the defeat of the French, the Exchange was able to resume its activities in the building on Liebfrauenkirchhof.
In 1816 the Merchants' Guild issued the Second Exchange Ordinance with the support of the Senate. The commercial situation of the merchants was not very promising at the time, but it improved in the 1820s and very soon the Old Exchange was found to be inadequate. The Third Exchange Ordinance was published in 1849, which vested oversight of commerce with a Chamber of Commerce. From 1853, this Chamber received support from the newly founded Bremen Exchange Association (Bremer Börsenverein). Additionally, the building became home to the Upper Court, Lower Court, Commercial Court and Civil Chamber of the Bremen District Court.
In 1864, trade was shifter to the New Exchange (Neue Börse) in the Marktplatz. The Old Exchange, no longer in use, burnt down in 1888. After the demolition of the ruins, the vaulted cellar was lowered and made part of the modern Bachuskeller in the Bremer Ratskeller.
In 1855 the Bremen Chamber of Commerce and the Exchange Organisation agreed on the construction of a new building. For this purpose they had an area on the east side of the Marktplatz cleared between 1860 and 1863, demolishing seventeen old gabled houses and Wilhadi Chapel. A new commercial hub was erected between 1861 and 1864 under the direction of Heinrich Müller and inaugurated on 5 November 1864.
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Bremen Exchange
The Bremen Exchange (German: Bremer Börse) in Bremen was one of the eight German Regional stock exchanges until 2007. In 2000 it ceased to use the Open outcry method and in 2007 the last operative units were closed. The property of exchange's holding company went to the newly established Foundation of the Bremen Stock Exchange (Stiftung Bremer Wertpapierbörse), a non-profit organisation which is intended to benefit scholarship, research, and culture.
In the late Middle Ages the Bremer Marktplatz and Liebfrauenkirchhof passage were the most important centres of trade and commerce in Bremen. Desire for an exchange arose at the beginning of the seventeenth century. Therefore, in 1613/14, 28 small houses at the south end of Liebfrauenkirchhof passage were torn down. Twenty-one stone vaults for wine storage were constructed over the next six years. The empty space in the vaults was made into an exchange and was soon playing host to most business activities.
On account of the dilapidation of the vaults and the ever-increasing volume of trade, the Senate of Bremen issued the First Exchange Ordinance on 14 March 1682, as a result of which the architect Jean Baptiste Broebes began construction of a single story building in the Baroque style above the cellar in 1687. A second story, designed by Giselher von Warneck was built between 1734 and 1736.
This baroque building is known as the Old Exchange (Alte Börse). On the ground floor there was the trading hall and the lottery office. The office was rebuilt towards the end of the eighteenth century as a book store. In the new second story there was a large banquet hall and two smaller halls for concerts, weddings, guest receptions and similar events. At the time the vaulted cellar was probably connected to the Bremen Ratskeller. Activity in the Old Exchange concentrated predominantly on real estate, merchandise, and banking transactions, but stocks were also traded.
After Napoleon Bonaparte and his troops occupied Bremen, the Exchange was temporarily closed by the French. This prompted a move to Kramerhaus and the Town Hall, where commerce was able to continue. In October 1813, after the defeat of the French, the Exchange was able to resume its activities in the building on Liebfrauenkirchhof.
In 1816 the Merchants' Guild issued the Second Exchange Ordinance with the support of the Senate. The commercial situation of the merchants was not very promising at the time, but it improved in the 1820s and very soon the Old Exchange was found to be inadequate. The Third Exchange Ordinance was published in 1849, which vested oversight of commerce with a Chamber of Commerce. From 1853, this Chamber received support from the newly founded Bremen Exchange Association (Bremer Börsenverein). Additionally, the building became home to the Upper Court, Lower Court, Commercial Court and Civil Chamber of the Bremen District Court.
In 1864, trade was shifter to the New Exchange (Neue Börse) in the Marktplatz. The Old Exchange, no longer in use, burnt down in 1888. After the demolition of the ruins, the vaulted cellar was lowered and made part of the modern Bachuskeller in the Bremer Ratskeller.
In 1855 the Bremen Chamber of Commerce and the Exchange Organisation agreed on the construction of a new building. For this purpose they had an area on the east side of the Marktplatz cleared between 1860 and 1863, demolishing seventeen old gabled houses and Wilhadi Chapel. A new commercial hub was erected between 1861 and 1864 under the direction of Heinrich Müller and inaugurated on 5 November 1864.