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
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—J. Stapleton Roy (b. 1935)
“The only history is a mere question of one’s struggle inside oneself. But that is the joy of it. One need neither discover Americas nor conquer nations, and yet one has as great a work as Columbus or Alexander, to do.”
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“In the history of the human mind, these glowing and ruddy fables precede the noonday thoughts of men, as Aurora the sun’s rays. The matutine intellect of the poet, keeping in advance of the glare of philosophy, always dwells in this auroral atmosphere.”
—Henry David Thoreau (1817–1862)