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The Bank of England…Fun Kids

Bank of England

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The Bank of England was established in 1694 and is the United Kingdom’s central bank. It is also the world’s eighth oldest bank.

When the bank was established, it was one of the pioneers in commercial credit which was used to finance slavery.

Wealthy politicians and city residents with hefty titles such as governor contributed to the slave trade by providing funding to the sustainability of slave routes, slave colonies as well as the military and naval entities that protected slave routes and plantations, as explained by BBC.

In 1927, the Bank of England merged with Lloyd’s Bank, another company that assisted in financing the slave trade.