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Bremen Cotton Exchange
The Bremen Cotton Exchange ((ドイツ語:Bremer Baumwollbörse)) was built in 1902 on the market square in Bremen, Germany, to house the offices of the city's cotton exchange founded in 1872. Johann Poppe's Neo-Renaissance facades and carefully finished interiors can still be seen today.
==Background==
Since 1788, when it first arrived in Bremen on emigrant ships returning from North America, cotton has been an important commodity for the city. In 1894, over a million bales of cotton were unloaded, reaching a maximum of 2.6 million bales in 1927. In 1872, the Committee for the Cotton Trade (''Komité für den Baumwollhandel'') was created to promote the interests of those involved in the cotton market. Banks, shipping companies, cotton mills and insurance companies later became members too. In 1900, work began on the construction of the Cotton Exchange Building in the centre of Bremen. The exchange allowed the trading of Futures in 1914. but the First World War and the ensuing inflation prevented their re-establishment until 1926.
The exchange closed again for the Second World War. During the war, the rear part of the building was destroyed in RAF bombing attacks on Bremen, and the steeple-like tower in front was severely damaged and later pulled down. After repairs, the exchange reopened in 1956. In 1961, a multistory parking garage was built where the rear part of the building had been.
Even today, the "Rules of the Bremen Cotton Exchange" serve as a useful reference in drawing up contracts and solving disputes in the international cotton market.〔 The ''Bremer Baumwollbörse'' still has over 200 members (2014) but its offices are now in Wachtstraße.〔(International Cotton Advisory Group ), icac.org, retrieved 11 February 2014〕
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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