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Montagu Norman, 1st Baron Norman

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482: 419:. In 1931, at the height of the Great Depression, Norman commented, "Unless dramatic measures are taken to save it, the capitalist system throughout the civilized world will be wrecked within a year"; he borrowed $ 250 million in an attempt to stave off speculative attacks upon the pound. Later that year, however, the United Kingdom was forced to permanently abandon the gold standard after the publication of the May Report on the UK's budget deficit provoked a further financial crisis. Norman was returning from a cruise to Canada at the time, and did not learn the news until he docked in the UK. 57: 453:. Within ten days the money had been transferred to other accounts. In the fall of 1939, two months after the outbreak of World War II, Norman again supported transfers of Czech gold to Hitler's Germany. On this occasion His Majesty's Government intervened to block Norman's initiative. He retired from the bank in 1944. 508:
In 1944, while visiting his brother on his country estate in Hertfordshire, Norman went for a walk and tripped over, causing an injury from which he never recovered. There is an amusing anecdote contained in Bill Bryson's book, that he tripped over a cow, but it is unclear where this anecdote came
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in March 1939 was uncertain, careful investigation by historian David Blaazer into the Bank of England's internal memos has established that Norman knowingly authorized the transfer of Czech gold from
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Norman led the bank during the toughest period in modern British economic history and was noted for his somewhat raffish character and arty appearance. A very influential figure, Norman, according to
1919: 291:, was referred to as "the currency dictator of Europe", a fact which he himself admitted to, before the Court of the Bank on 21 March 1930. The economist and Court member 2118: 2113: 1901: 1239: 2073: 1931: 1868: 1490: 2088: 2078: 1844: 1850: 1817: 1052: 2006: 2093: 1382: 2068: 2000: 1232: 703: 466: 1949: 1164: 465:, of St Clere in the County of Kent, on 13 October 1944. In addition to receiving the Distinguished Service Order, Norman was sworn of the 100: 1603: 2108: 1225: 505:. Lord Norman & Cecilia had no children and on his death he passed the bulk of his estate to his nephew, Brigadier Hugh Norman. 2123: 2012: 388: 870:
Blaazer, David (2005). "Finance and the End of Appeasement: The Bank of England, the National Government and the Czech Gold".
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Lords of finance : 1929, the Great Depression, and the bankers who broke the world
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Lords of finance : 1929, the Great Depression, and the bankers who broke the world
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Lords of finance : 1929, the Great Depression, and the bankers who broke the world
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became leading bankers. Montagu's great-nephew David Norman has also led a successful
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said of him: "Montagu Norman, always absolutely charming, always absolutely wrong".
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Lords of finance: 1929, the Great Depression, and the bankers who broke the world
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John Maynard Keynes : the economist as saviour 1920-1937 : a biography
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of New York. He became a partner at Brown Shipley in 1900 before leaving for
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career and is a noted benefactor of the arts. Montagu Norman was educated at
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While in the past Norman's role in the transferring of Czech gold to the
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to the No. 17 account, which Norman was aware was managed by the German
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he was a financial advisor to government departments. He was appointed
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From 1904, Norman's London home was Thorpe Lodge, Airlie Gardens off
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Walking wounded: The British economy in the aftermath of World War I
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Military personnel from the Royal Borough of Kensington and Chelsea
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Norman was a close friend of the German Central Bank President
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in Kensington, which had been built c1816. Norman worked with
1019:. London: Bachman and Turner Publications. pp. 131–144. 363:, where his maternal grandfather was a partner and, in 1895, 528:
style. Lord Norman died at Thorpe Lodge in 1950 following a
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Newspaper clippings about Montagu Norman, 1st Baron Norman
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Following his retirement, he was raised to the peerage as
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City of London, volume 3: Illusions of Gold 1914-1945
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in 1892; his father was a partner. In 1894 he joined
274:(6 September 1871 – 4 February 1950) was an English 2119:Members of the Privy Council of the United Kingdom 2114:Grand Officers of the Order of the Crown (Belgium) 1088:Lords of Finance: The Bankers Who Broke the World, 1047:"Norman, Montagu Collet, Baron Norman (1871–1950)" 1045: 565: 547:, Kent, which he acquired from his uncle in 1935. 539:During his married life, he lived at the Manor of 395:in 1920. He engineered the bank's takeover of the 298: 2074:Bedfordshire and Hertfordshire Regiment officers 2050: 991:"The Phillimore estate - British History Online" 524:to modernise the house and redecorate it in the 821: 786: 751: 716: 469:in 1923 and was created a Grand Officer of the 969:. London: Transworld Publishers. p. 495. 307:and Lina Susan Penelope Collet, a daughter of 2089:Companions of the Distinguished Service Order 2079:British Army personnel of the Second Boer War 1233: 497:. He gained two stepsons from this marriage; 319:was well known in banking. Montagu's brother 1056:(online ed.). Oxford University Press. 572:. New York: The Macmillan Company. pp.  509:from as it is not known within his family. 1240: 1226: 1043: 793:. Penguin Random House. pp. 425–430. 702:: CS1 maint: location missing publisher ( 55: 662: 611: 493:, London councillor and granddaughter of 355:After spending time in Europe, he joined 944: 924: 904: 629: 596: 480: 2094:Deputy governors of the Bank of England 1053:Oxford Dictionary of National Biography 1014: 869: 563: 266:Montagu Collet Norman, 1st Baron Norman 14: 2051: 1119:Professor Skinner alias Montagu Norman 964: 1221: 828:. Penguin Random House. p. 431. 758:. Penguin Random House. p. 424. 687: 613:"Norman, Montagu Collet (NRMN889MC)" 495:Montagu Bertie, 7th Earl of Abingdon 371:. He retired from the bank in 1915. 2069:Alumni of King's College, Cambridge 723:. Penguin Random House. p. 5. 653:” dated 27 August 2014 at voxeu.org 489:On 2 November 1933, Norman married 350: 24: 1967:Great Britain and Northern Ireland 1077: 639:. 27 September 1901. p. 6326. 447:Bank for International Settlements 432:Bank for International Settlements 374: 309:Sir Mark Wilks Collet, 1st Baronet 25: 2155: 1129: 822:Ahamed, Liaquat (19 March 2020). 787:Ahamed, Liaquat (19 March 2020). 752:Ahamed, Liaquat (19 March 2020). 717:Ahamed, Liaquat (19 March 2020). 601:. Chatto and Windus. p. 483. 532:. The house later became part of 491:Priscilla Cecilia Maria Reyntiens 278:, best known for his role as the 2109:Governors of the Bank of England 914:. 13 October 1944. p. 4698. 476: 2124:People educated at Eton College 1172:Governor of the Bank of England 1123:Wells Gardner, Darton & Co. 1044:Williamson, Philip (May 2006). 1008: 958: 938: 918: 898: 872:Journal of Contemporary History 863: 850: 815: 780: 299:Early life and military service 280:Governor of the Bank of England 241: 136:1944 β€“ 4 February 1950 78:Governor of the Bank of England 27:Governor of the Bank of England 954:. 25 March 1927. p. 1960. 745: 710: 681: 656: 643: 623: 605: 590: 557: 485:St Clere, near Sevenoaks, Kent 13: 1: 1950:1st Baron Cullen of Ashbourne 1190:Peerage of the United Kingdom 1037: 934:. 29 June 1923. p. 4605. 858:Doing Business with the Nazis 1070:UK public library membership 550: 379:He became a director of the 303:Norman was the elder son of 120:Member of the House of Lords 7: 2139:Barons created by George VI 1145:20th Century Press Archives 1108:Montagu Norman. A Biography 617:A Cambridge Alumni Database 345:Distinguished Service Order 10: 2160: 2104:English Nazi collaborators 1015:Cameron, Roderick (1981). 663:Skidelsky, Robert (1992). 619:. University of Cambridge. 456: 445:'s No. 2 account with the 1965: 1604:Great Britain and Ireland 1602: 1311: 1260: 1200: 1195: 1188: 1178: 1169: 1161: 1156: 1017:Great Comp and its garden 995:www.british-history.ac.uk 564:Quigley, Carroll (1966). 337:King's College, Cambridge 259: 251: 226: 205: 177: 172: 168: 156: 144: 129: 118: 106: 94: 83: 76: 72: 54: 34: 1886:David Powell (1892–1895) 1829:George Lyall (1871–1873) 884:10.1177/0022009405049264 692:. New York. p. 111. 597:Kynaston, David (1999). 503:Sir Peregrine Worsthorne 403:and the creation of the 361:Brown, Shipley & Co. 2084:British anti-communists 428:Anglo-German Fellowship 405:Anglo-Czechoslovak Bank 288:The Wall Street Journal 61:Norman on the cover of 2134:People from Kensington 1062:10.1093/ref:odnb/35252 486: 391:in 1917 and he became 335:and spent one year at 965:Bryson, Bill (2013). 856:Forbes, Neil (2000), 688:Howe, Quincy (1934). 518:Walter Knight Shirley 484: 365:Brown Bros. & Co. 343:. He was awarded the 182:Montagu Collet Norman 690:World Diary: 1929-34 321:Ronald Collet Norman 37:The Right Honourable 2129:People from Kemsing 1914:1st Baron Hollenden 1776:1st Baron Addington 1157:Government offices 1136:Banking with Hitler 534:Holland Park School 417:John Maynard Keynes 397:Anglo-Austrian Bank 383:in 1907 and during 293:John Maynard Keynes 282:from 1920 to 1944. 233:Priscilla Reyntiens 1995:3rd Earl of Cromer 1944:1st Baron Cunliffe 1839:1st Baron Aldenham 951:The London Gazette 931:The London Gazette 911:The London Gazette 649:Nicholas Crafts, β€œ 636:The London Gazette 568:Tragedy & Hope 499:Sir Simon Towneley 487: 471:Order of the Crown 139:Hereditary Peerage 2046: 2045: 1989:1st Baron Cobbold 1216: 1215: 1179:Succeeded by 1165:Sir Brien Cokayne 1099:978-1-59420-182-0 1068:(Subscription or 835:978-1-84794-300-2 800:978-1-84794-300-2 765:978-1-84794-300-2 730:978-1-84794-300-2 263: 262: 101:Sir Brien Cokayne 16:(Redirected from 2151: 1977:1st Baron Norman 1956:1st Baron Norman 1242: 1235: 1228: 1219: 1218: 1162:Preceded by 1154: 1153: 1117:Hargrave, John, 1073: 1065: 1049: 1031: 1030: 1012: 1006: 1005: 1003: 1001: 987: 981: 980: 962: 956: 955: 942: 936: 935: 922: 916: 915: 902: 896: 895: 867: 861: 854: 848: 847: 819: 813: 812: 784: 778: 777: 749: 743: 742: 714: 708: 707: 701: 693: 685: 679: 678: 660: 654: 647: 641: 640: 627: 621: 620: 609: 603: 602: 594: 588: 587: 571: 561: 351:Merchant banking 305:Frederick Norman 245: 243: 212: 192:6 September 1871 191: 189: 173:Personal details 159: 147: 134: 109: 97: 88: 59: 32: 31: 21: 2159: 2158: 2154: 2153: 2152: 2150: 2149: 2148: 2099:English bankers 2049: 2048: 2047: 2042: 2013:Leigh-Pemberton 1983:1st Baron Catto 1969: 1961: 1606: 1598: 1315: 1307: 1264: 1256: 1253:Bank of England 1246: 1206: 1184: 1175: 1167: 1132: 1084:Ahamed, Liaquat 1080: 1078:Further reading 1067: 1040: 1035: 1034: 1027: 1013: 1009: 999: 997: 989: 988: 984: 977: 963: 959: 943: 939: 923: 919: 903: 899: 868: 864: 855: 851: 836: 820: 816: 801: 785: 781: 766: 750: 746: 731: 715: 711: 695: 694: 686: 682: 675: 661: 657: 648: 644: 628: 624: 610: 606: 595: 591: 584: 562: 558: 553: 526:Arts and Crafts 479: 459: 424:Hjalmar Schacht 389:Deputy Governor 381:Bank of England 377: 375:Bank of England 353: 341:Second Boer War 323:and his nephew 313:Bank of England 301: 247: 244: 1933) 239: 235: 214: 210: 209:4 February 1950 193: 187: 185: 184: 183: 157: 151:Peerage created 145: 137: 135: 130: 122: 107: 95: 89: 84: 68: 50: 42: 41:The Lord Norman 39: 28: 23: 22: 15: 12: 11: 5: 2157: 2147: 2146: 2141: 2136: 2131: 2126: 2121: 2116: 2111: 2106: 2101: 2096: 2091: 2086: 2081: 2076: 2071: 2066: 2061: 2044: 2043: 2041: 2040: 2039:(2020–present) 2034: 2028: 2022: 2016: 2010: 2004: 1998: 1992: 1986: 1980: 1973: 1971: 1970:(1922–present) 1963: 1962: 1960: 1959: 1953: 1947: 1941: 1935: 1929: 1923: 1917: 1911: 1905: 1899: 1893: 1887: 1884: 1878: 1872: 1866: 1860: 1854: 1848: 1842: 1836: 1830: 1827: 1821: 1815: 1809: 1803: 1797: 1791: 1785: 1779: 1773: 1767: 1761: 1755: 1749: 1743: 1737: 1731: 1725: 1719: 1713: 1707: 1701: 1695: 1689: 1683: 1677: 1671: 1665: 1659: 1653: 1647: 1641: 1635: 1629: 1623: 1617: 1610: 1608: 1600: 1599: 1597: 1596: 1590: 1584: 1578: 1572: 1566: 1560: 1554: 1548: 1542: 1536: 1530: 1524: 1518: 1512: 1506: 1500: 1494: 1488: 1482: 1476: 1470: 1464: 1458: 1452: 1446: 1440: 1434: 1428: 1422: 1416: 1410: 1404: 1398: 1392: 1386: 1380: 1374: 1368: 1362: 1356: 1350: 1344: 1338: 1332: 1326: 1319: 1317: 1309: 1308: 1306: 1305: 1299: 1293: 1287: 1281: 1275: 1268: 1266: 1258: 1257: 1255:(1694–present) 1245: 1244: 1237: 1230: 1222: 1214: 1213: 1208: 1199: 1193: 1192: 1186: 1185: 1182:The Lord Catto 1180: 1177: 1168: 1163: 1159: 1158: 1152: 1151: 1138: 1131: 1130:External links 1128: 1127: 1126: 1115: 1101: 1079: 1076: 1075: 1074: 1039: 1036: 1033: 1032: 1025: 1007: 982: 975: 957: 937: 917: 897: 862: 849: 834: 814: 799: 779: 764: 744: 729: 709: 680: 673: 655: 642: 622: 604: 589: 582: 555: 554: 552: 549: 478: 475: 458: 455: 443:Czechoslovakia 376: 373: 352: 349: 315:Governor. 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Neave 1515:Sperling 1497:Clarmont 1431:Fawkener 1377:Thompson 1211:Extinct 1093:, 2009. 541:St Clere 430:and the 393:Governor 2001:O'Brien 1920:Wallace 1908:Prevost 1863:Gilliat 1812:Holland 1806:Hodgson 1764:Prescot 1668:Dorrien 1656:Mellish 1650:Manning 1527:Gaussen 1473:Burrell 1449:W. 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Index

Montagu Norman
The Right Honourable
DSO
PC

Time
Governor of the Bank of England
Sir Brien Cokayne
The Lord Catto
Member of the House of Lords
Lord Temporal
Hereditary Peerage
Kensington
London
Campden Hill
London
Priscilla Reyntiens
DSO
PC
banker
Governor of the Bank of England
The Wall Street Journal
John Maynard Keynes
Frederick Norman
Sir Mark Wilks Collet, 1st Baronet
Bank of England
Norman family
Ronald Collet Norman
Mark Norman
City

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