Social Sciences and the Law

When was Bank of England founded?

Link to this answer

CloseClose

Link to this answer

Share this credible answer with others. Simply paste this code into your blog or Web page:

<a href="http://qanda.encyclopedia.com/question/bank-england-founded-115000.html" >When was Bank of England founded?</a>
E-mail this answer Link to this answer

It was founded (1694) as a commercial bank by William Paterson with a capital of £1.2 million , which was advanced to the government in return for banking privileges, including the right to issue notes up to the amount of its capital.

Answer verified with
Get more facts and information about Bank of England . Or, view the full encyclopedia entry from The Columbia Encyclopedia, Sixth Edition.

Similar questions: What rights did William Paterson gain when he founded the Bank of England? Why did William Paterson advance money to the government to start the Bank of England? What was the starting capital of Bank of England? What did William Paterson found? Who founded Bank of England? [ Hide these questions ]

Related research questions

Related research articles

Bank's farsighted founding father who made London great; As the Bank of England...
Newspaper article from: The Evening Standard (London, England) ...to become the basis for a new bank project. The Royal Bank of Scotland, formed in 1727 and now one of the world's great banks, indirectly owes its foundation...Paterson. When he resigned from the Bank of England, after fellow directors refused...
ROBERT O'COIN, 69 FOUNDED DEPARTMENT STORE
Newspaper article from: The Boston Globe ...who also was a longtime New England Telephone employee, died Friday...Worcester. He was employed by New England Telephone in 1942 and worked...an engineering manager. He founded O'Coin's Department Store...Shawmut-Worcester County Bank. He was a member of the Knights...
Edward Goldsmith, at 80; founded The Ecologist
Newspaper article from: The Boston Globe ...Ecologist, the magazine he founded in 1970. "I had a compost...critic of industrialism who founded The Ecologist to elevate environmental...developmental policies of the World Bank. But perhaps his most influential...representatives on 43 local councils in England and Wales. Mr. Goldsmith...
CARLTON HUNNEMAN, 90; FOUNDED MAJOR BOSTON REAL ESTATE COMPANY
Newspaper article from: The Boston Globe ...Concord. He was 90. Mr. Hunneman founded Hunneman and Co. Inc. -- one of the largest real estate companies in New England -- in 1929 and served as its president...1921. After college, he worked as a bank messenger in Boston and spent two...
1762 Equitable Life founded.
Newspaper article from: Sunday Business (London, England) 1762 Equitable Life founded. It pioneers actuarial principles. 1957 The mutual starts selling...opt for guaranteed option to stem the outflow of capital. 1997 Bank of England given freedom to set interest rates which then move down sharply...
See all results at HighBeam

HighBeam gives you access to newspaper, magazine, and trade journal articles plus press releases, facts, information, and biographies from thousands of sources.