History
- Bank of England Act 1694, given a monopoly on issuing bank notes.
- Bank of England Act
- Bank Charter Act 1844, gave the Bank of England a monopoly on printing money. Issue of notes was tied to the gold reserve. Banks which previously had the right to issue their own notes continued, though after the 1930s, only the Scottish and Northern Ireland banks had survived without being taken over.
- Macmillan Committee (1929)
- Bank of England Act 1946, nationalised the Bank of England
Read more about this topic: United Kingdom Banking Law
Famous quotes containing the word history:
“Bias, point of view, fury—are they ... so dangerous and must they be ironed out of history, the hills flattened and the contours leveled? The professors talk ... about passion and point of view in history as a Calvinist talks about sin in the bedroom.”
—Catherine Drinker Bowen (1897–1973)
“The greatest honor history can bestow is that of peacemaker.”
—Richard M. Nixon (1913–1995)
“I believe that history has shape, order, and meaning; that exceptional men, as much as economic forces, produce change; and that passé abstractions like beauty, nobility, and greatness have a shifting but continuing validity.”
—Camille Paglia (b. 1947)