|
Bank Of England £5 Note
The Bank of England £5 note, also known as a fiver, is a sterling banknote . It is the smallest denomination of banknote currently issued by the Bank of England. In September 2016, a new polymer note was introduced, featuring the image of Queen Elizabeth II on the obverse and a portrait of Winston Churchill on the reverse. The old paper note, first issued in 2002 and bearing the image of prison reformer Elizabeth Fry on the reverse, was phased out and ceased to be legal tender after 5 May 2017. History Introduction Five pound notes (£5) were introduced by the Bank of England in 1793, following the ten pound note, which had been introduced in 1759 as a consequence of gold shortages caused by the Seven Years' War. The 5 pound note was introduced again, due to gold shortages caused by the French Revolutionary Wars and the Napoleonic Wars and was the lowest denomination of note issued until 1797. The earliest notes were handwritten and were issued to individuals as needed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pound (currency)
Pound is the name for a unit of currency. It is used in some countries today and previously was used in many others. The English word ''pound'' derives from the Latin expression , in which lībra is a noun meaning "pound" and ''pondō'' is an adverb meaning "by weight". The currency's symbol is £, a stylised form of the blackletter L (\mathfrak) (from ''libra''), crossed to indicate abbreviation. The term was adopted in England from the weight of silver used to make to 240 pennies, and eventually spread to British colonies all over the world. While silver pennies were produced seven centuries earlier, the first pound coin was minted under Henry VII in 1489. Countries and territories currently using currency units named "pound" Historical currencies * Australian pound (until 1966, replaced by the Australian dollar). The Australian pound was also used in the Gilbert and Ellice Islands, Nauru, New Hebrides and Papua and New Guinea. It was replaced in the New Hebrides/Vanuat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
War Of The First Coalition
The War of the First Coalition (french: Guerre de la Première Coalition) was a set of wars that several European powers fought between 1792 and 1797 initially against the Kingdom of France (1791-92), constitutional Kingdom of France and then the French First Republic, French Republic that succeeded it. They were only loosely allied and fought without much apparent coordination or agreement; each power had its eye on a different part of France it wanted to appropriate after a French defeat, which never occurred. Noah Shusterman – ''De Franse Revolutie (The French Revolution).'' Veen Media, Amsterdam, 2015. (Translation of: ''The French Revolution. Faith, Desire, and Politics.'' Routledge, London/New York, 2014.) Chapter 7 (p. 271–312) : The federalist revolts, the Vendée and the beginning of the Terror (summer–fall 1793). Relations between the French revolutionaries and neighbouring monarchies had deteriorated following the Declaration of Pillnitz in August 1791. Eight mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Roaring Lion
''The Roaring Lion'' is a black and white photographic portrait of a 67-year-old Winston Churchill as Prime Minister of the United Kingdom. The portrait was taken in 1941 by Armenian-Canadian photographer Yousuf Karsh in the Centre Block on Parliament Hill in Ottawa, Ontario, Canada. Date and location of photography The photograph was shot on December 30, 1941, in the Speaker's Chamber of the Canadian Speaker of the House of Commons (Canada), Speaker of the House of Commons at Parliament in Ottawa after Churchill delivered his "Some chicken, some neck" speech on World War II to joint address (Canada), Canadian members of parliament. The brief photo session was arranged by the Canadian prime minister, William Lyon Mackenzie King. Description Churchill is particularly noted for his posture and facial expression, which have been compared to the wartime feelings that prevailed in the UK – persistence in the face of an all-conquering enemy. The photo session was only to last two ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mervyn King, Baron King Of Lothbury
Mervyn Allister King, Baron King of Lothbury (born 30 March 1948) is a British economist and public servant who served as the Governor of the Bank of England from 2003 to 2013. He is a School Professor of Economics at the London School of Economics. He is also the Chairman of the Philharmonia. Born in Chesham Bois, Buckinghamshire, King attended Wolverhampton Grammar School and studied economics at King's College, Cambridge, St John's College, Cambridge, and Harvard University. He then worked as a researcher on the Cambridge Growth Project, taught at the University of Birmingham, Harvard and MIT, and became a professor of economics at the London School of Economics. He joined the Bank of England in 1990 as a non-executive director, and became the chief economist in 1991. In 1998, he became a deputy governor of the bank and a member of the Group of Thirty. King was appointed as governor of the Bank of England in 2003, succeeding Edward George. Most notably, he oversaw the ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Governor Of The Bank Of England
The governor of the Bank of England is the most senior position in the Bank of England. It is nominally a civil service post, but the appointment tends to be from within the bank, with the incumbent grooming their successor. The governor of the Bank of England is also chairman of the Monetary Policy Committee, with a major role in guiding national economic and monetary policy, and is therefore one of the most important public officials in the United Kingdom. According to the original charter of 27 July 1694 the bank's affairs would be supervised by a governor, a deputy governor, and 24 directors. In its current incarnation, the bank's Court of Directors has 12 (or up to 14) members, of whom five are various designated executives of the bank. The 121st and current governor is Andrew Bailey, who began his term in March 2020. Governors of the Bank of England (1694–present) See also * Chief Cashier of the Bank of England * Deputy Governor of the Bank of England References ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Tender
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. Some jurisdictions allow contract law to overrule the status of legal tender, allowing (for example) merchants to specify that they will not accept cash payments. Coins and banknotes are usually defined as legal tender in many countries, but personal cheques, credit cards, and similar non-cash methods of payment are usually not. Some jurisdictions may include a specific foreign currency as legal tender, at times as its exclusive legal tender or concurrently with its domestic currency. Some jurisdictions may forbid or restrict payment made by other than legal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Stephenson
George Stephenson (9 June 1781 – 12 August 1848) was a British civil engineer and mechanical engineer. Renowned as the "Father of Railways", Stephenson was considered by the Victorians a great example of diligent application and thirst for improvement. Self-help advocate Samuel Smiles particularly praised his achievements. His chosen rail gauge, sometimes called "Stephenson gauge", was the basis for the standard gauge used by most of the world's railways. Pioneered by Stephenson, rail transport was one of the most important technological inventions of the 19th century and a key component of the Industrial Revolution. Built by George and his son Robert's company Robert Stephenson and Company, the ''Locomotion'' No. 1 was the first steam locomotive to carry passengers on a public rail line, the Stockton and Darlington Railway in 1825. George also built the first public inter-city railway line in the world to use locomotives, the Liverpool and Manchester Railway, which opene ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arthur Wellesley, 1st Duke Of Wellington
Arthur Wellesley, 1st Duke of Wellington, (1 May 1769 – 14 September 1852) was an Anglo-Irish soldier and Tory statesman who was one of the leading military and political figures of 19th-century Britain, serving twice as prime minister of the United Kingdom. He is among the commanders who won and ended the Napoleonic Wars when the coalition defeated Napoleon at the Battle of Waterloo in 1815. Wellesley was born in Dublin into the Protestant Ascendancy in Ireland. He was commissioned as an ensign in the British Army in 1787, serving in Ireland as aide-de-camp to two successive lords lieutenant of Ireland. He was also elected as a member of Parliament in the Irish House of Commons. He was a colonel by 1796 and saw action in the Netherlands and in India, where he fought in the Fourth Anglo-Mysore War at the Battle of Seringapatam. He was appointed governor of Seringapatam and Mysore in 1799 and, as a newly appointed major-general, won a decisive victory over the Maratha Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Britannia
Britannia () is the national personification of Britain as a helmeted female warrior holding a trident and shield. An image first used in classical antiquity, the Latin ''Britannia'' was the name variously applied to the British Isles, Great Britain, and the Roman province of Britain during the Roman Empire. Typically depicted reclining or seated with spear and shield since appearing thus on Roman coins of the 2nd century AD, the classical national allegory was revived in the early modern period. On coins of the pound sterling issued by Charles II of England, Scotland, and Ireland, Britannia appears with her shield bearing the Union Flag. To symbolise the Royal Navy's victories, Britannia's spear became the characteristic trident in 1797, and a helmet was added to the coinage in 1825. By the 1st century BC, Britannia replaced Albion as the prevalent Latin name for the island of Great Britain. After the Roman conquest in 43 AD, ''Britannia'' also came to refer to the Roman ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Cashier Of The Bank Of England
The Chief Cashier of the Bank of England is the person responsible for issuing banknotes at the Bank of England and is the director of the divisions which provide the Bank of England's banking infrastructure. This person is known to the general public because since 1870 the Chief Cashier's signature is printed on all bank notes issued by the Bank of England. In 2004 a new post was created, Executive Director of Banking & Chief Cashier, incorporating the title. The post is currently held by Sarah John who was appointed in June 2018. She is the 33rd Chief Cashier since the Bank was founded in 1694. Responsibilities The position has the following responsibilities: * The security and effective operation of real-time gross settlement in the UK’s high value payment systems (CHAPS and CREST). * Along with the Bank’s Sterling Markets Division they are also responsible for the provision of liquidity to the market and settlement banks. * The issuing and effective distribution of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Standard
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves. Historically, the silver standard and bimetallism have been more common than the gold standard. The shift to an international monetary system based on a gold standard reflected accident, network externalities, and path dependence. Great Britain accidentally adopted a ''de facto'' gold standard in 1717 when Sir Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation. As Great Britain became the world's leading financ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.svg "Click for more on -> War Of The First Coalition")
