jan 1, 1694 - The Bank of England was established in 1694.

Description:

The Bank of England was established in 1694 by a royal charter. The bank's purpose was to manage public debt, sells shares to the public, and make interest payments to shareholders. With the help of government revenue from trade, the bank was able to stabilize England's economy and hold down interest rates. This was a change in England's state, because there had never been an established bank.