 It led to the foundation of the Bank of England, the creation of Europe's first widely circulating credit currency, and the commencement of the "Age of Projectors".This subsequently gave weight to the view, advocated most famously by Adam Smith in 1776, that wealth was created by human endeavour and was thus potentially infinite.The Glorious Revolution of 1688 is considered by some as being one of the most important events in the long evolution of the respective powers of Parliament and the Crown in England.