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Yucatan Travel on Private merchants now traded from Iraq into the Gulf—especially from Ur. While Ur did not have a stock exchange, people speculated on future profits from the copper trade. Ea-Nasir financed trading expeditions that sailed to Bahrein and back, assembling investors in some of the first limited partnerships and joint ventures. Hundreds of small investors in Ur involved their money as well. Ea-Nasir thus managed the first mutual fund on the expectation of big future earnings in copper. The first mutual fund, though, ended in the first recorded crash when Ur’s King Rim-Sin suddenly declared all loans null and void. Around this time, the ancient Assyrians took a considerable step toward the multinational company. Yucatan Travel 2016.

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