When James Elphinstone was born on 15 April 1708, in Elphinstone, Haddingtonshire, Scotland, United Kingdom, his father, Baron Charles Elphinstone 9th Lord, was 31 and his mother, Elizabeth Primrose, was 27. He lived in Westminster, Middlesex, England, United Kingdom in 1708 and Westminster, Middlesex, England in 1708. He died before April 1753.
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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.
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.
Scottish: locative name from Elphinstone in Tranent (Midlothian).
Dictionary of Family Names in Britain and Ireland © University of the West of England 2016
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