Science Fair Project Encyclopedia
Montagu Norman
Montagu Collett Norman, 1st Baron Norman (1871 - 1950), commonly known as Sir Montagu Norman, is best known for his role as the Governor of the Bank of England from 1920 to 1944.
Under Norman's Governorship, the bank underwent significant change. In 1931 the United Kingdom permanently abandoned the gold standard, at which point the bank's foreign exchange and gold reserves were transferred to the British Treasury.
Norman was a leading figure in establishing the Bank for International Settlements, also in 1931.
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10-26-2009 08:16:03
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The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details