Good Lifestyle

The security agents of the Bank of England were occupied in their daily work when a letter from a mysterious letter came their way. The letter was not ordinary, but something that the agents brought down the knees. The mysterious sender wanted to reveal a secret on the prestigious institution. He asked the officers to meet him inside the vault of gold. The very vault that has been protected with great security. How would he reach the inside of the loud room? The leaders decided to meet him not knowing a big surprise waiting for them.

Started with a defeat

The Bank of England was founded in was beaten the national navy. There was a battle of Beachy Head which included dozens of warship ships that take place on July 10, 1690. It was during the nine war-games of war while France did Dutch and their English allies bite dust. . The French Navy sent numerous enemy ships to defeat without losing their own.

Stronger and better

It was after England reoriented his efforts to make his marine strong enough to deal with any war. They were clearly going to make their new fleet stronger than the previous one who loses the battle of Beachy Head. But there was a problem.

Non

The plan was ready but they had no funds to invest in its execution. The government led by Guillaume III failed to borrow the necessary £ 1.2 million ($ 1.5 million). It was then the government came with a large plan.

End of money issues

Thus, in order to fight against the problem of money, the government founded in 1694. Lenders The Bank of England could contribute money to the bank with the money. They would obtain banknotes against state obligations. And in less than two weeks, William III has managed to bring together 1.2 million £ necessary to make the Navy of the country stronger.

CITIZEN FUND

The Bank of England was a great turn of the country. He motivated citizens to finance industries that could help strengthen their navy. The part of this initiative was to stimulate the country's agricultural growth and thus the start with the ironwork that gave material for the manufacture of vessels.

Union

The Kingdoms of England and Scotland, in 1707 and emerged as the Kingdom of Great Britain. Therefore, with an ever-increasing industry and the helping bank, this newly constructed state proven to be very powerful.