Historical Events tagged with "bank"
Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.
Norrmalmstorg robbery and hostage crisis
In Stockholm, two criminals, Jan-Erik Olsson and Clark Olofsson, took hostages in a bank robbery, leading to a tense 6-day standoff with police. The hostages were threatened but found themselves oddly sympathetic towards their captors. This peculiar behavior paved the way for the concept known as Stockholm syndrome, highlighting the psychological complexity of hostage situations.
Continue ReadingRoyal Charter Establishes the Bank of England
The Bank of England was established through a royal charter granted by King William III to manage public finances and issue currency. This institution was created as a response to the need for a stable monetary system and to assist in funding the war against France. The charter aimed to create a centralized banking institution that could provide loans to the government while managing its debts. The establishment marked a significant step in the evolution of the British financial system.
Continue Reading