1694

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Decade.png 1690s: )    Year.png 1694 Rdf-icon.png
Bank of England.svg
A very important date in the development of modern plutocracy

1694 has been called a "very important date in the development of plutocracy" because it saw the constitution of the Bank of England, the first successful Central Bank. This saw the legalisation of fractional reserve banking.[1]

Robin Upton explains the role of the Bank of England in the history of plutocracy between 8:36 and 12:31 minutes into this video.

 

A New Group

GroupImageType
Bank of EnglandBank of England.svgCommercial


References