On July 27
On July 27, 2 pivotal events are recorded in the Human Saga, including Founding of the Bank of England (1694).
On this day
The Bank of England was established in 1694 to raise money for King William III's government, which was struggling to finance the Nine Years' War against Louis XIV's France.
After years of effort led by the American financier Cyrus Field, the first transatlantic telegraph cable was completed on 5 August 1858, and on 16 August Queen Victoria and President James Buchanan exchanged congratulatory messages, the…
Also this week in history (Jul 24 – Jul 30)
On 30 July 762, the second Abbasid caliph al-Mansur commissioned a new capital on the west bank of the Tigris, officially named Madinat al-Salam, the City of Peace.
On 26 July 1956 Egyptian president Gamal Abdel Nasser announced the nationalisation of the Suez Canal Company, asserting Egyptian sovereignty over the strategic waterway and intending to fund the Aswan High Dam after Western financing was…
Facing a severe balance-of-payments crisis in mid-1991, with foreign reserves sufficient for barely three weeks of imports and gold airlifted abroad to secure emergency loans, India launched sweeping economic reforms. Prime Minister P. V.