Stockbrokers Worked From Coffee Houses

The bank of england was also tablished in 16 94. It acted as the government's banker, including loaning money to fund its war time efforts. But at this point, the british nation as a whole had no overall budget. Loans and expenditures were approved as they came up. This led to the whole idea of national debt in britain. As harley was working on that, briton still needed to find enough money to cover the military pay roll. Harley worked with john blunt, secretary of the sword blade company, to raise funds through the national lottery. And then other lotteries followed.