The famous Lloyd’s of London insurance company started out as a coffee house which catered primarily to seafarers and merchants. In this coffee house, Edward Lloyd used to prepare "ship’s lists" for underwriters who met there to have coffee and offer insurance to the seafarers.
Another famous establishment which surprisingly started as a London coffee house was The Stock Exchange.
By 1700 there were over two thousand coffee houses in London, and they came to be known as “penny universities” because that was the price of a cup of coffee, and while drinking that coffee you could sit and listen to amazing and enlightening conversations.
- Lifted from Uncommon Grounds By Mark Pendergrast
(as well as the Lloyd’s of London website)
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Look! It’s Jerry’s Books!
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