What if the Bank of England is founded had gone differently?

A permanent national debt and a central bank make long-term state and private borrowing cheap.

If it had gone differently: Capital stays scarce and expensive; there is no deep pool of credit for canals, mines and mills.

1. 1780The Industrial Revolution, Growth stays flat and Malthusian; most people alive in 1900 live about as their great-grandparents did.
2. 1870The first globalisation, The world economy stays a patchwork of regions; no belle-époque boom, and no 1914 shock when it unwinds.