When George Foort was born on 11 April 1689, in Wellington, Somerset, England, United Kingdom, his father, James Foort, was 34 and his mother, Grace Pyne, was 11686. He married Elizabeth Calway on 25 December 1709, in Wellington, Somerset, England. They were the parents of at least 3 sons. He died in 1741, in Emborough, Somerset, England, at the age of 52, and was buried in Wellington, Somerset, England, United Kingdom.
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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.
English: see Fort .
Dictionary of Family Names in Britain and Ireland © University of the West of England 2016
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