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โ† Back to Banking & Financial History

Chapter

Central Banks & the Gold Standard

The rise of central banking and the gold standard era.

6 entries ยท Chronological order

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1

Bank of England

1694 CE

The world's most influential central bank model, shaping modern monetary systems

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2

Federal Reserve

1913 CE

United States central bank controlling monetary policy and serving as lender of last resort

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3

Benjamin Strong

1872 CE

First leader of the New York Fed whose personality-driven leadership established the template for international central bank coordination

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4

Montagu Norman

1871 CE

Longest-serving Bank of England Governor who championed the gold standard and shaped interwar central bank coordination

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5

The Gold Standard

1844 CE

A monetary system that anchors a currency's value to a fixed quantity of gold to ensure price stability

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6

Lender of Last Resort

1873 CEInstitutional Form

An institutional function that prevents financial panics by providing emergency liquidity to solvent but illiquid banks

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