Montagu Norman, 1st Baron Norman

The Lord Norman
Norman on the cover of Time, 1929
Governor of the Bank of England
In office
1920–1944
Preceded bySir Brien Cokayne
Succeeded byThe Lord Catto
Member of the House of Lords
Lord Temporal
In office
1944 – 4 February 1950
Hereditary Peerage
Preceded byPeerage created
Succeeded byNone
Personal details
Born
Montagu Collet Norman

(1871-09-06)6 September 1871
Kensington, London, England
Died4 February 1950(1950-02-04) (aged 78)
Campden Hill, London, England
Spouse
(m. 1933)
ProfessionBanker

Montagu Collet Norman, 1st Baron Norman DSO PC (6 September 1871 – 4 February 1950) was an English banker, best known for his role as the Governor of the Bank of England from 1920 to 1944.

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 The Wall Street Journal, 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.[1] The economist and Court member John Maynard Keynes said of him: "Montagu Norman, always absolutely charming, always absolutely wrong".[2]

  1. ^ Quigley, Carroll (1966). Tragedy & Hope. New York: The Macmillan Company. pp. 62. ISBN 0-945001-10-X.
  2. ^ Kynaston, David (1999). City of London, volume 3: Illusions of Gold 1914-1945. Chatto and Windus. p. 483.

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