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The Eternal Old Lady: Bank of England History & Development
Paperback
Series: Let's Get Going!
Business GeneralGeneral EducationGeneral World History
Publisher Price: $6.99
ISBN13: 9781903467060
Publisher: Information Management Solutions Limited
Published: Apr 26 2021
Pages: 24
Weight: 0.10
Height: 0.05 Width: 6.00 Depth: 9.00
Language: English
War created the Bank of England. Had King William III possessed enough money to combat France's Louis X1V, the first public bank may have never emerged.
The Bubble burst. Sword Blade Bank went bust in 1712 and there was a run on the Old Lady. To stem the flow, staff made payments in sixpences and shillings to friends who carried them round to the Bank's back door to enable the tills to be replenished.
She stayed steadfast in the heart of the City of London to develop, arguably, the most envied and admired reputation in the world today.
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