CREATION, IN FRANCE, OF THE FIRST JOINT STOCK COMPANY

Around 1250, some cit­izens of Toulouse joined forces to set up the « Société des Moulins de Bazacle », whose ninety-​​six shares were traded at a price that varied according to eco­nomic con­di­tions and the per­formance of the mills. It became the « Société civile anonyme du Moulin du Bazacle » from the 19th century. In 1888, the water mill was turned into a hydro­electric plant. In 1910, it became the « Société toulou­saine d’électricité du Bazacle ». It was nation­alised in 1946, like the rest of the elec­tricity sector. Moulin du Bazacle. Illus­tra­tions from the book of J.M. Cayla (1812−1877) and Cléobule Paul, Toulouse monu­mentale et pit­tor­esque - Source: Wikimédia commons