The Bank of England is the central bank of the United Kingdom, established in 1694 to act as the English government's banker and manage its war debt during the Nine Years' War against France. Headquartered on Threadneedle Street in the City of London, it was privately owned until nationalization in 1946 and gained operational independence to set interest rates in 1997. It remains one of the world's oldest continuously operating central banks and a model that later central banks, including the Federal Reserve, drew on.
Facts
Organization Type HeadquartersThreadneedle Street, London, England 1 Organization Type
Organization Type (category) Connections
Associated With
The Bank of England organized the 1890 rescue of Barings Bank during the Baring crisis.
Founded 1694 to finance the war effort of the post-1688 regime
The Bank of England competed with the South Sea Company over the national debt before the 1720 South Sea Bubble.
William III's government chartered the Bank of England in 1694; the bank's own Court Room monument names him as founder (conditor).
Source Wikipedia: Bank of England
In Era
Why this is disputed. The Bank of England's 1694 founding falls within the conventional early modern period as this atlas bounds it, though exact era boundaries are themselves debated.
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Located In
Also in Geography Atlas: where this subject is located.
Sources
1. Wikipedia: Bank of England
WikipediaLead section
Established in 1694 to act as the English Government's banker and debt manager, and still one of the bankers for the government of the United Kingdom
Infobox
Central bank
Associated With: William III of Orange, History, Founding section
large statue by John Cheere of King William III, lauded in an accompanying Latin inscription as the bank's founder
In Group: Banking Houses Founded Before 1700, Article text
Established in 1694 to act as the English Government's banker and debt manager, and still one of the bankers for the government of the United Kingdom, it is the world's second oldest central bank, after Sweden's (1668).
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