Walter Cunliffe
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Walter Cunliffe
Walter Cunliffe, 1st Baron Cunliffe, GBE (3 December 1855 – 6 January 1920) was a British banker who established the merchant banking business of Cunliffe Brothers (after 1920, Goschens and Cunliffe) in London, and who was Governor of the Bank of England from 1913 to 1918, during the critical World War I era. He was created 1st Baron Cunliffe in 1914. He chaired the Cunliffe Committee which reported in 1918 with a plan for the monetary policy of the central bank and government after the war, which helped to shape fiscal policy. Early life and family Cunliffe was born in London in 1855, the second eldest of four brothers and two sisters. His father, Roger Cunliffe, helped to finance and negotiate the development of the North Eastern Railway and became a merchant banker in the 1860s. He was educated at Harrow School and at Trinity College, Cambridge. His brother, Alan Percy Cunliffe (1864–1942), was a landowner and racehorse-owner who married film actress Malvina Longfellow ...
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The Right Honourable
''The Right Honourable'' ( abbreviation: ''Rt Hon.'' or variations) is an honorific style traditionally applied to certain persons and collective bodies in the United Kingdom, the former British Empire and the Commonwealth of Nations. The term is predominantly used today as a style associated with the holding of certain senior public offices in the United Kingdom, Canada, New Zealand, and to a lesser extent, Australia. ''Right'' in this context is an adverb meaning 'very' or 'fully'. Grammatically, ''The Right Honourable'' is an adjectival phrase which gives information about a person. As such, it is not considered correct to apply it in direct address, nor to use it on its own as a title in place of a name; but rather it is used in the third person along with a name or noun to be modified. ''Right'' may be abbreviated to ''Rt'', and ''Honourable'' to ''Hon.'', or both. ''The'' is sometimes dropped in written abbreviated form, but is always pronounced. Countries with common or ...
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Bank Of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank. It was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry. The Bank became an independent public organisation in 1998, wholly owned by the Treasury Solicitor on behalf of the government, with a mandate to support the economic policies of the government of the day, but independence in maintaining price stability. The Bank is one of eight banks authorised to issue banknotes in the United Kingdom, has a monopoly on the issue of banknotes in England and Wales, and regulates the issue of banknotes by commercial banks in Scotland and Northern Ireland. The Bank's Monetary Policy Committee has devolved responsibility for ...
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Dress Codes
A dress code is a set of rules, often written, with regard to what clothing groups of people must wear. Dress codes are created out of social perceptions and norms, and vary based on purpose, circumstances, and occasions. Different societies and cultures are likely to have different dress codes, Western dress codes being a prominent example. Dress codes are symbolic indications of different social ideas, including social class, cultural identity, attitude towards comfort, tradition, and political or religious affiliations. Dress code also allows individuals to read others' behavior as good, or bad by the way they express themselves with their choice of apparel. History Europe From the seventh through the ninth centuries, the European royalty and nobility used a dress code to differentiate themselves from other people. All classes generally wore the same clothing, although distinctions among the social hierarchy began to become more noticeable through ornamented garments. C ...
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Exchange Rate
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. The exchange rate is also regarded as the value of one country's currency in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for or that will be exchanged for ¥114. In this case it is said that the price of a dollar in relation to yen is ¥114, or equivalently that the price of a yen in relation to dollars is $1/114. Each country determines the exchange rate regime that will apply to its currency. For example, a currency may be floating, pegged (fixed), or a hybrid. Governments can impose certain limits and controls on exchange rates. Countries can also have a strong or weak currency. There is no agreement in the econ ...
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Pound Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes, and ...
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Order Of The British Empire
The Most Excellent Order of the British Empire is a British order of chivalry, rewarding contributions to the arts and sciences, work with charitable and welfare organisations, and public service outside the civil service. It was established on 4 June 1917 by King George V and comprises five classes across both civil and military divisions, the most senior two of which make the recipient either a knight if male or dame if female. There is also the related British Empire Medal, whose recipients are affiliated with, but not members of, the order. Recommendations for appointments to the Order of the British Empire were originally made on the nomination of the United Kingdom, the self-governing Dominions of the Empire (later Commonwealth) and the Viceroy of India. Nominations continue today from Commonwealth countries that participate in recommending British honours. Most Commonwealth countries ceased recommendations for appointments to the Order of the British Empire when they ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Balfour Mission
The Balfour Mission, also referred to as the Balfour Visit, was a formal diplomatic visit to the United States by the British Government during World War I, shortly after the United States declaration of war on Germany (1917). The mission's purpose was to promote wartime cooperation, and to assess the war-readiness of Britain's new partner. British Foreign Secretary Arthur Balfour, President Woodrow Wilson and Wilson's chief advisor, Colonel House, had a meeting that discussed the secret treaties which bound Britain and France to Italy and others. Members of the delegation met with many senior leaders in the national government, finance, industry and politics, to explain the British positions. Other meetings dealt with the supply of munitions and other exports, and the proposed Balfour Declaration. France sent a separate mission at the same time, and these were followed later in 1917 by missions from Italy, Russia, Belgium and Japan, all of whom were invited to address the US Con ...
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Headley, Surrey
Headley is a village and civil parish in the North Downs in Surrey, England. The nearest settlements are, to the west, Mickleham and Leatherhead; to the north, Ashtead and Langley Vale; to the east, Walton-on-the-Hill; and to the south, Box Hill. It is just outside the M25 motorway encircling London. History The Romans had an influence nearby, with the Roman Road to Noviomagus Reginorum, called by the Saxons Stane Street, some 2 km from the village, and a considerable Roman presence in the neighbouring village of Walton-on-the-Hill with its scheduled ancient monument villa and other finds. Headley's land lay in the Saxons' Copthorne Hundred. As Saxon records are scant and the church and population were smaller, no church in Headley was known during this period; the first records of a church are after the Norman Conquest. Next to the present 19th-century church is a grotto, constructed using materials from the earlier 15th-century church and placed over the grave of the ...
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First World War
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in genocides within the Ottoman Empire and in the 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdina ...
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Bonar Law
Andrew Bonar Law ( ; 16 September 1858 – 30 October 1923) was a British Conservative politician who served as Prime Minister of the United Kingdom from October 1922 to May 1923. Law was born in the British colony of New Brunswick (now a Canadian province). He was of Scottish and Ulster Scots descent and moved to Scotland in 1870. He left school aged sixteen to work in the iron industry, becoming a wealthy man by the age of thirty. He entered the House of Commons at the 1900 general election, relatively late in life for a front-rank politician; he was made a junior minister, Parliamentary Secretary to the Board of Trade, in 1902. Law joined the Shadow Cabinet in opposition after the 1906 general election. In 1911, he was appointed a Privy Councillor, before standing for the vacant party leadership. Despite never having served in the Cabinet and despite trailing third after Walter Long and Austen Chamberlain, Law became leader when the two front-runners withdrew rathe ...
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Reginald McKenna
Reginald McKenna (6 July 1863 – 6 September 1943) was a British banker and Liberal politician. His first Cabinet post under Henry Campbell-Bannerman was as President of the Board of Education, after which he served as First Lord of the Admiralty. His most important roles were as Home Secretary and Chancellor of the Exchequer during the premiership of H. H. Asquith. He was studious and meticulous, noted for his attention to detail, but also for being bureaucratic and partisan. Background and education Born in Kensington, London, McKenna was the son of William Columban McKenna and his wife Emma, daughter of Charles Hanby. Sir Joseph Neale McKenna was his uncle. McKenna was educated at King's College School and at Trinity Hall, Cambridge. At Cambridge he was a notable rower. In 1886, he was a member of the Trinity Hall Boat Club eight that won the Grand Challenge Cup at Henley Royal Regatta. He rowed bow in the winning Cambridge boat in the 1887 Boat Race. Also in 1887 he ...
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