27 jul 1694 ano - The Bank of England is founded through Royal charter by the Whig-dominated Parliament of England, following a proposal by Scottish merchant William Paterson to raise capital, by offering safe and steady returns of interest guaranteed by future taxes. A total of £1.2 million is raised for the war effort against Louis XIV of France by the end of the year, to establish the first-ever government debt
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Data:
27 jul 1694 ano
Agora
~ 331 years ago