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VIDEO: Short Selling Stocks Was Invented As Revenge

Four hundred years ago, Isaac Le Maire helped found the Dutch East India Company. (You might remember them from history class: Think big wooden boats, trips across rough seas, and lots and lots of spices).

Anyway, Le Maire got caught up in a dispute over some expense reports, and so his co-directors essentially banished him from the spice trade.

Anyone else might've backed away, but Le Maire wanted revenge. And so the short sell was born.

Listen to the original Planet Money podcast episode ! Subscribe to our video series — and while you're at it, .

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Bronson Arcuri is a video producer at NPR, where he directs the "Planet Money Shorts" video series and helps out with Tiny Desk Concerts from time to time. He also produced "Elise Tries" and "Ron's Office Hours" along with the "Junior Bugler" series, which he still insists was "pretty good for what it was."