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Bank of England, burning returned bank notes (engraving)
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Bank of England, burning returned bank notes (engraving)
582126 Bank of England, burning returned bank notes (engraving) by English School, (19th century); Private Collection; (add.info.: Bank of England, burning returned bank notes. Published 1872. Bank Catalogue No 191.); Look and Learn / Peter Jackson Collection
Media ID 22372940
© Look and Learn / Peter Jackson Collection / Bridgeman Images
Bank Bank Building Bank Buildings Banker Banking Financial Inflation Notes Reducing Returned Services Supply Deflation
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EDITORS COMMENTS
This print captures a significant moment in the history of the Bank of England. The image showcases an engraving from the 19th century, depicting the burning of returned bank notes. Intriguingly, this practice was employed by the Bank of England as a means to reduce supply and combat deflation during that era. Published in 1872, this particular engraving holds great historical value, evident from its inclusion in the prestigious Private Collection. The scene unfolds against the backdrop of London's iconic bank building, symbolizing financial power and influence. As flames engulf stacks of bank notes, one cannot help but ponder upon the immense responsibility entrusted to bankers in managing money and maintaining stability within our economic systems. This thought-provoking image sheds light on how banking services have evolved over time. It serves as a reminder that inflation and deflation are not mere concepts but rather forces capable of shaping nations' destinies. As we gaze at this remarkable piece captured by Bridgeman Images for Fine Art Finder, it prompts us to reflect on both past and present monetary policies while appreciating how far we have come since those days when burning returned bank notes was considered an effective measure for reducing money supply.
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