Institution

Bank of England

1694 · 17th century

The Bank of England was founded in 1694 to lend money to the English government, primarily to finance war against France. It managed government debt and became the central bank of the United Kingdom. Its creation allowed Britain to borrow on a large scale, which is seen as a key foundation of the British Empire's military and commercial power.

Bank of England
Image: acediscovery · CC BY 4.0 · Wikimedia Commons

Mentioned in 2 profiles

British EmpireFoundationKingdom of Great BritainMilitary

Mentioned in 1 state history

Kingdom of Great Britain

See also

Cite this entry
APA
The Epoch Institute. (2026). Bank of England. In The Epoch Institute Encyclopedia. https://the-epoch-institute.org/encyclopedia/bank-of-england
MLA
“Bank of England.” The Epoch Institute Encyclopedia, The Epoch Institute, 2026, https://the-epoch-institute.org/encyclopedia/bank-of-england. Accessed .
Chicago
The Epoch Institute. “Bank of England.” The Epoch Institute Encyclopedia. 2026. https://the-epoch-institute.org/encyclopedia/bank-of-england.
Harvard
The Epoch Institute (2026) ‘Bank of England’, The Epoch Institute Encyclopedia. Available at: https://the-epoch-institute.org/encyclopedia/bank-of-england (Accessed: ).

Last reviewed October 2026Random entry ↻