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Jonathan's Coffee House was a significant meeting place in London in the 17th and 18th centuries, famous as the original site of the
Jonathan's, The Edwin C. Bolles Collection, Tufts University
Map: The Business World of London's Exchange Alley, c. 1746
Stringham, Edward Peter. 2002. “The Emergence of the London Stock Exchange as a Self-Policing Club.” Journal of Private Enterprise, 17(2) Spring: 1-19.
{{coord, 51.5129, -0.0870, type:landmark_region:GB-LND, display=title Coffeehouses and cafés in London Former buildings and structures in the City of London 17th-century establishments in England 17th century in London 18th century in London London Stock Exchange
Jonathan's Coffee House was a significant meeting place in London in the 17th and 18th centuries, famous as the original site of the London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...
.
The coffee house
A coffeehouse, coffee shop, or café is an establishment that primarily serves coffee of various types, notably espresso, latte, and cappuccino. Some coffeehouses may serve cold drinks, such as iced coffee and iced tea, as well as other non- ...
was opened around 1680 by Jonathan Miles in Change (or Exchange) Alley, in the City of London
The City of London is a city, ceremonial county and local government district that contains the historic centre and constitutes, alongside Canary Wharf, the primary central business district (CBD) of London. It constituted most of London f ...
. In 1696, several patrons were implicated in a plot to assassinate William III, and it was thought to be associated with the Popish Plots.
In 1698, it was used by John Castaing to post the prices of stocks and commodities, the first evidence of systematic exchange of securities in London. That year, dealers expelled from the Royal Exchange for rowdiness migrated to Jonathan's (as well as to Garraway's Coffee-House
Garraways Coffee House was a London coffee house in Exchange Alley from the period where such houses served as important places where other business was performed. Its original proprietor, Thomas Garway, was already said to be the first perso ...
).
It was the scene of a number of critical events in the history of share trading, including the South Sea Bubble and the panic of 1745. It was destroyed by fire in 1748, and rebuilt. In 1761 a club of 150 brokers and jobbers was formed to trade stocks. The club built its own building in 1773 in Sweeting's Alley, which was dubbed the New Jonathan's, but was renamed the Stock Exchange (now officially called the London Stock Exchange).
The original Jonathan's served as the home of a lottery office until it was destroyed by fire in 1748.
See also
*Lloyd's of London
Lloyd's of London, generally known simply as Lloyd's, is an insurance and reinsurance market located in London, England. Unlike most of its competitors in the industry, it is not an insurance company; rather, Lloyd's is a corporate body gove ...
* Coffeehouse
*
External links
Jonathan's, The Edwin C. Bolles Collection, Tufts University
Map: The Business World of London's Exchange Alley, c. 1746
Stringham, Edward Peter. 2002. “The Emergence of the London Stock Exchange as a Self-Policing Club.” Journal of Private Enterprise, 17(2) Spring: 1-19.
{{coord, 51.5129, -0.0870, type:landmark_region:GB-LND, display=title Coffeehouses and cafés in London Former buildings and structures in the City of London 17th-century establishments in England 17th century in London 18th century in London London Stock Exchange