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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Bank of England
1694 CEThe world's most influential central bank model, shaping modern monetary systems
Federal Reserve
1913 CEUnited States central bank controlling monetary policy and serving as lender of last resort
Benjamin Strong
1872 CEFirst leader of the New York Fed whose personality-driven leadership established the template for international central bank coordination
Montagu Norman
1871 CELongest-serving Bank of England Governor who championed the gold standard and shaped interwar central bank coordination
The Gold Standard
1844 CEA monetary system that anchors a currency's value to a fixed quantity of gold to ensure price stability
Lender of Last Resort
1873 CEInstitutional FormAn institutional function that prevents financial panics by providing emergency liquidity to solvent but illiquid banks