A Company of Merchants
Jamie Martin: The Bank of England, 24 January 2019
Till Time’s Last Sand: A History of the Bank of England, 1694-2013
by David Kynaston.
Bloomsbury, 879 pp., £35, September 2017,978 1 4088 6856 0 Show More
by David Kynaston.
Bloomsbury, 879 pp., £35, September 2017,
“... having easy access to a huge pool of private capital allowed it to outspend and ultimately defeat France, even though it was larger and more populous. The failure of the French monarchy to find an equivalent method of managing its debt hastened its overthrow in 1789. The bank didn’t lend only to the state. It was a principal source of credit for London ... ”