The Bank of Spain began as the Banco de San Carlos, established under King Charles III, with the French-born financier Francisco Cabarrus as its chief promoter. It was meant to help the crown manage its debt and to issue notes at a time when Spain's finances were strained by war. It later went through several reorganisations and took the name Banco de Espana in the 1850s, gaining a privileged position as the national issuer of banknotes. After a long period as the state's bank, it became fully independent in the 1990s and, with the launch of the euro in 1999, joined the Eurosystem. Today it supervises Spanish banks and takes part in the euro area's monetary policy.
Before and after
- 4 September 1781Founding of Los Angeles
- from 28 September 1781 to 19 October 1781Siege of Yorktown
- 6 April 1782Rise of Chakri dynasty
- 21 April 1782Founding of Bangkok
- 2 June 1782Founding of Bank of Spain
- 27 October 1782Birth of Niccolò Paganini
- 5 December 1782Birth of Martin Van Buren
- 1783Discovery of tellurium
- 1783Steamboat
More in Society, economy & sport
- c. 1800sRise of nationalism
- 17 February 1863Founding of International Red Cross and Red Crescent Movement
- 1885Founding of Stanford University
- 1 November 1897Founding of Juventus FC
- 1 January 1901Founding of Australia
- 21 May 1904Founding of FIFA
The era
This moment belongs to the Industrial era (1760 CE to 1914 CE), steam, factories and revolutions. You can also browse everything in the 18th century.