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A century ago, with Europe about to plunge into the First World War, London Stock Exchange faced a turning point in its history. On Tuesday July 28, 194, Austria-Hungary declared war on Serbia. The Exchange, at first determined to stay open, realised by Thursday night  that continuing to trade would drag London, financial capital of the world, to the brink of collapse. Next day, for the first time in its history, London Stock Exchange closed its doors, By noon newspapers were on the streets with the shocking news – and a week later the UK was in the war. (Hulton Archive / Getty Images)

One hundred years ago this week, the threat of war forced the London Stock Exchange to stop trading. Its days as the only global exchange would never return...

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The day war closed the London Stock Exchange

Fareed Sahloul

London Stock Exchange

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