I found this website that talks about the world's first stock exchange and they say that naked short selling was a thing in the 17th century... https://www.worldsfirststockexchange.com/2020/11/27/going-short-in-1608/
I find it hard to believe since shares were physical back then so You couldn't create them out of thin air. They say that This contract written in Dutch contains the usual ‘renunciation clause’, stating that both parties to the contract waived any legal rights arising from the ban on naked short selling: https://www.worldsfirststockexchange.com/wp-content/uploads/2020/11/forward-de-baccher.jpg
I tried to transcribe the text and translate it but found no mentions of naked short selling.
[link] [comments] https://www.reddit.com/r/stocks/comments/16zleip/ban_of_naked_short_selling_in_the_17th_century/
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