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History of The Bank of England by A. Andreades

History of The Bank of England

by A. Andreades
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Book cover type: Paperback
  • ISBN13: 9788121298209
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Gyan Publishing House
  • Publisher Imprint: Gyan Publishing House
  • Publication Date:
  • Pages: 498
  • Original Price: INR 1000.0
  • Language: English
  • Edition: N/A
  • Item Weight: 757 grams
  • BISAC Subject(s): N/A

The Bank of England is the oldest of the European national banks. ‘ Established in 1694, it has seen the great banks which preceded it disappear one by one and has witnessed the collapse of many later foundations. At the present day it still remains the most famous, and from many points of view, the most original bank in the world. A very slight study of English history shows the importance of this great institution to the Government and to the English nation. The loans made by the Bank to William III. and Queen Anne enabled England to regain that position among European nations which she had to all appearances hopelessly lost. The English Government sought help from the Bank on the eve of all the eighteenth century wars, and on the day of reckoning which followed the insanities of the Land Bank and of the South Sea Bubble. Finally, not only the establishment of public credit by the formation of the permanent debt, but the organisation of the floating debt, and even the conversion of the national debt, are in the main the work of the Bank. Much has changed since these far-distant days. The machinery of credit has extended, and big loans have become customary.

Andreas Michaēl Andreadēs ( 1876-1935). Education: University of London, University of Paris, he was Professor of Political Science at the University of Athens and Greek economist and member of the Academy of Athens. He wrote History of the Bank of England (1909) from the French Histoire de la Banque d’Angleterre (1904); Historia tēs hellēnikēs dēmosias oikonomias (1918); A history of Greek public finance (1933).

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