Bank of England Is Chartered
At a glance:
- Series: Chronology of European History
- Categories: Government and Politics, Economics
- Subcategories: Banks, Banking, Finance
- Curriculum: British History, 17th Century European History
- Geographical Location: London
- Date: July 27, 1694
Article abstract: The Bank of England is chartered, creating a central bank that can provide financial support to the British government and consolidate control of its financial systems.
Summary of Event
One of the oldest of the European national banks, the Bank of England was chartered in 1694, establishing a trend followed by most major Western nations over the subsequent three hundred years. Sweden had created its own “central” bank, the Riksbank, almost fifty years before the Bank of England, but neither it nor the other European...
[The entire page is 2220 words long]