At the end of 1899, both Queen Victoria and Czar Nicholas II still sat on their respective thrones, William McKinley was the 25th American President, and Germany had not even been unified for 30 years.
Notably, all these countries had some of the world’s largest stock markets at the time.
Credit Suisse recently shared with clients a summary of their “Yearbook” report, which looks at the past 117 years of investment history for 23 countries, including the United States, Canada, ten eurozone nations (Austria, Belgium, Finland, France, Germany, Ireland, Italy, the Netherlands, Portugal, and Spain), six non-eurozone European nations (the United Kingdom, Denmark, Norway, Russia, Sweden, and Switzerland), four Asia Pacific markets (Australia, China, Japan, and New Zealand), and South Africa.
Within the report, the team included two charts comparing the relative sizes of global stock markets at the end of 1899 to those at the end of 2016.
