The South Sea Bubble Bill was passed by the House of Lords in 1720. This allowed the South Sea company to monopolize trade with South America. The company underwrote the English National Debt which promised 5% interest from the government. As shares rose exponentially, many companies were created and many fortunes were made. The stocks crashed and many people lost their money which caused them to become destitute overnight and suicide was common. Robert Walpole took charge of the South Sea Bubble Financial Crisis by dividing the national debt between the Bank of England, the Treasury, and the Sinking Fund.
1752 · Gregorian Calendar is Adopted
Gregorian calendar was adopted in England in 1752. That year, Wednesday, September 2, 1752, was followed by Thursday, September 14th, 1752, which caused the country to skip ahead eleven days.
1754 · Seven Years' War
The Seven Years' War began as a North American conflict then stretched between England and France. England, along with allies, battled France in America, India, and Europe, making it arguably the first global war. The conflict ended with the signing of the Treaty of Paris in 1763 and England was victorious. The Seven Years' war ultimately led to discontent in the colonies and the American Revolution.