King George County was established in 1720 when land was split from Richmond County, Virginia. The county is named for King George I of Great Britain. It was substantially reorganized in 1776 and 1777, with land swapped with both Stafford and Westmoreland Counties to form the modern boundaries.
BREAKING DOWN 'The World Bank'. The World Bank was created at the end of World War II as a result of many European and Asian countries needing financing to fund reconstruction efforts.Created out of the Bretton Woods agreement of 1944, the Bank was successful in providing financing for these devastated countries.EFINITION of 'The World Bank'. An international organization dedicated to providing financing, advice and research to developing nations to aid their economic advancement. Next Up.
The First Bank of the United States was needed because the government had a debt from the Revolutionary War, and each state had a different form of currency. It was built while Philadelphia was still the nation's capital. Alexander Hamilton conceived of the bank to handle the colossal war debt â and to create a standard form of currency. Up to the time of the bank's charter, coins and bills issued by state banks served as the currency of the young country. The First Bank's charter was drafted in 1791 by the Congress and signed by George Washington. In 1811, Congress voted to abandon the bank and its charter.