00:00 - Introduction by Hywel Williams , S A , Legatum Institute 02:40 - Anne Murphy 03:23 - Start with a riot 7 JUN 1780 rioters made several attempts to storm the BoE 10:33 - William Peterson a BoE founder . . . Michael Godfrey . . . much more important founder 10:47 - Public bank needed ; convenience great-payments; circulation of $$$; creation of credit; _________ lower rate of interest ; more available capital 12:20 - BoE was a product of war 13:00 - The NINE Yrs War : 1689 - 1897 . . . public spending rose from 2 MIL pounds to 6 MIL 13:48 - In 1692 - Creditors to British GOVT. were impatient fro repayment . (63 days & counting) . 14:25 - Innovations to raise money 15:50 - Bodies Public & Corporate . . . 21 JUN 1694 Open 17:20 - Chartered for 12 years closed 1 AUG 1705 . . . 1734 . . .
An astonishing error! 10:50mins Either shoddy scholarship? which i have to say does seem unlikely - a Reader & Associate Dean - and I could cynically blame the U.H.; or an addition to the confusion and muddle of City terminology and insider knowledge; or perhaps there is an error historiographically that has been convention? At the end of the day, as a matter of fact, the provision of currency is NOT remotely anything to do with the creation of credit, not in England. You have my word.
Any suggestions Richard of how I can find information regarding your point please. I am not an academic but I have a keen interest in educating myself in the history of banking and 16th century trade in London Regards Gerard
The Bank of England, should change their nbame to the Bank of the United Kingdom. Surely as the central bank of the United Kingdom, it should not be just named after one of the five countries of the UK. Scotland, Wales, Northern Ireland, and Cornwall should also be represented by the Bank of England, in the name. Also the Bank of the United Kingdom should have members made by the Scottish, Welsh and Northern Irish elected governments? How would the English like it is the Bank of England was named after Scotland or Wales or Cornwall, or Northern Ireland? It is offensive to the Celtic nations that the Celtic nations are not represented in the label, the Bank of England. CHANGE THE NAME OF THE BANK OF ENGLAND, TO REPRESENT THE ENTIRE UK.
The bank of England should change its name to 'the scamers of England', it represents no one but a few very corrupted people creating booms and busts in the economy, hurting everyone in the process whiles they become richer and richer.
00:00 - Introduction by Hywel Williams , S A , Legatum Institute
02:40 - Anne Murphy
03:23 - Start with a riot 7 JUN 1780 rioters made several attempts to storm the BoE
10:33 - William Peterson a BoE founder . . . Michael Godfrey . . . much more important founder
10:47 - Public bank needed ; convenience great-payments; circulation of $$$; creation of credit;
_________ lower rate of interest ; more available capital
12:20 - BoE was a product of war
13:00 - The NINE Yrs War : 1689 - 1897 . . . public spending rose from 2 MIL pounds to 6 MIL
13:48 - In 1692 - Creditors to British GOVT. were impatient fro repayment
.
(63 days & counting)
.
14:25 - Innovations to raise money
15:50 - Bodies Public & Corporate . . . 21 JUN 1694 Open
17:20 - Chartered for 12 years closed 1 AUG 1705 . . . 1734 . . .
very interesting topic, excellent presentation
You wouldnt think this if you carryied it like me
An astonishing error! 10:50mins Either shoddy scholarship? which i have to say does seem unlikely - a Reader & Associate Dean - and I could cynically blame the U.H.; or an addition to the confusion and muddle of City terminology and insider knowledge; or perhaps there is an error historiographically that has been convention? At the end of the day, as a matter of fact, the provision of currency is NOT remotely anything to do with the creation of credit, not in England. You have my word.
Any suggestions Richard of how I can find information regarding your point please.
I am not an academic but I have a keen interest in educating myself in the history of banking and 16th century trade in London
Regards Gerard
You were very gracious in your observation and critique
@@gerardtoner9191 Yes. Study, scholarship and common sense.
Britain and the sea
Banking , the business of creating wealth from pulling funds from fresh air and then charging interest on it. Basically legalized swindles.
Exactly 👍🏻
Who pays this lecture? Come on! People know the sakes behind this...
The Bank of England, should change their nbame to the Bank of the United Kingdom. Surely as the central bank of the United Kingdom, it should not be just named after one of the five countries of the UK. Scotland, Wales, Northern Ireland, and Cornwall should also be represented by the Bank of England, in the name. Also the Bank of the United Kingdom should have members made by the Scottish, Welsh and Northern Irish elected governments? How would the English like it is the Bank of England was named after Scotland or Wales or Cornwall, or Northern Ireland? It is offensive to the Celtic nations that the Celtic nations are not represented in the label, the Bank of England. CHANGE THE NAME OF THE BANK OF ENGLAND, TO REPRESENT THE ENTIRE UK.
The bank of England should change its name to 'the scamers of England', it represents no one but a few very corrupted people creating booms and busts in the economy, hurting everyone in the process whiles they become richer and richer.
Brexit, hey we really enjoyed the days when we could print money.