Queen Anne from 1694, is there a Bank of England?

Planning a timeline where there is no Glorious Revolution, James II and Mary of Modena die in 1687, and Anne's children survive, or four of them do anyway. Anne becomes Queen in 1694, and consequently, I'm just curious, if Anne becomes Queen then would the Bank of England still be founded? As I understand it, it was founded to provide loans and funds to the government for war with France, but if there is no war with France going on when Anne becomes Queen, would there be a need for such an institution?

If not, would the Bank ever come into existence?
 
England had a sturdy banking system already in the Tudor era, so I think that regardless of Anne becoming queen a Bank of England will come into existence.
 
England had a sturdy banking system already in the Tudor era, so I think that regardless of Anne becoming queen a Bank of England will come into existence.

Alright interesting, perhaps this could in some way help negate the need for Parliament's financial assistance?
 

Grimbald

Monthly Donor
Mary of Modena was James II second wife; Mary II was his oldest daughter who was married to William of Orange.
 
why is there no war with France? I'm presuming that James II dies in 87, per opening post, and no James II/Mary of Modena children, which puts Mary on the throne with William III alongside, but no survivor rights to the throne (because that came as part of the invasion terms). It's unrealistic to think that he's not going to be the real power/ruler even if he's not technically co-sovereign. When Louis XIV starts his shenanigans on the Rhine in 88, William is going to want to get involved. The real difference between ATL and OTL is that William and Mary don't have to invade to gain power, which means no massive disruption to England/Scotland/Ireland. I guess it's not outlandish to have Mary catching smallpox as OTL
 
why is there no war with France? I'm presuming that James II dies in 87, per opening post, and no James II/Mary of Modena children, which puts Mary on the throne with William III alongside, but no survivor rights to the throne (because that came as part of the invasion terms). It's unrealistic to think that he's not going to be the real power/ruler even if he's not technically co-sovereign. When Louis XIV starts his shenanigans on the Rhine in 88, William is going to want to get involved. The real difference between ATL and OTL is that William and Mary don't have to invade to gain power, which means no massive disruption to England/Scotland/Ireland. I guess it's not outlandish to have Mary catching smallpox as OTL
Aye I do think England would be involved initially during the nine years war but when Mary kicks it, I don't see anne wanting to keep them involved
 
Aye I do think England would be involved initially during the nine years war but when Mary kicks it, I don't see anne wanting to keep them involved

She almost certainly would be. She supported her government through 13 long years of the War of Spanish Succession and while she switched to the Tories and the peace party at the end that was only because the country was financially exhausted and the Bourbons had won in Spain. She was no friend of the French and fully supported William in his OTL wars and would have joined the War of the League of Augsburg, though her strategy would probably have been less continental and more colonial.
 
I'm not familiar with the wars of the time, but my understanding is that the BoE was created to provide naval funds by converting a fraction of government debt into new BoE shares. To incentivse investors, it was created as a private company with the unique status of being the government's bank, proving finance for the government and issuing government debt-backed banknotes to the public. As such, private investors could indirectly provide the required loans to the government, whilst also initially reducing the government's existing debts.

I remember reading somewhere that there had been a number of similar proposals throughout the 1600s, so if the 1690 conflict gets butterflied, then I expect an analogue would be eventually created at some point later on whenever a government finds itself heavily short on funds. Maybe not built on OTL's model, but still done for similar purposes.

Of course, if anyone has better knowledge, feel free to correct me.
 
She almost certainly would be. She supported her government through 13 long years of the War of Spanish Succession and while she switched to the Tories and the peace party at the end that was only because the country was financially exhausted and the Bourbons had won in Spain. She was no friend of the French and fully supported William in his OTL wars and would have joined the War of the League of Augsburg, though her strategy would probably have been less continental and more colonial.
Interesting and if it seemed as though the allies were losing?
 
If the Spanish Netherlands were safe, but Lorraine, and the German towns on the bank of the Rhine were threatened, and England’s treasury was getting low, would Anne still commit?
 
She almost certainly would be. She supported her government through 13 long years of the War of Spanish Succession and while she switched to the Tories and the peace party at the end that was only because the country was financially exhausted and the Bourbons had won in Spain. She was no friend of the French and fully supported William in his OTL wars and would have joined the War of the League of Augsburg, though her strategy would probably have been less continental and more colonial.
So she’d be more interested in getting the French out of English colonial lands? Perhaps even expanding in North America?
 
So she’d be more interested in getting the French out of English colonial lands? Perhaps even expanding in North America?

More like getting the French out of French colonies. Considering Britain was the strongest power in NA by 1640 thanks to the Puritan Great Migration as in OTL the focus will very much be on the attack both there and in the Caribbean. As for peace treaties 18th century Britain tended to ensure some colonial gains while also surrendering others for French concessions in Europe.
 
More like getting the French out of French colonies. Considering Britain was the strongest power in NA by 1640 thanks to the Puritan Great Migration as in OTL the focus will very much be on the attack both there and in the Caribbean. As for peace treaties 18th century Britain tended to ensure some colonial gains while also surrendering others for French concessions in Europe.
Interesting,would it make much of a difference, if Anne played greater focus there? Especially as otl neither the French nor the English seemed much concerned
 
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