When George Wragg was born on 29 October 1719, in Treeton, Yorkshire, England, his father, George Wragg, was 28 and his mother, Mary Beighton, was 21. He died on 1 February 1743, in his hometown, at the age of 23, and was buried in Treeton, Yorkshire, England.
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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 (West Yorkshire and Derbyshire):
from the Old Norse (Old Danish) personal name Wraghi, of uncertain origin and meaning.
variant of Ragge, from Middle English ragge ‘scrap of cloth, flap (of a garment), rag’, perhaps for someone who wore tattered clothing or clothes ornamented with strips of fabric. Alternatively, ragge might have been a shortened form of Middle English ragged ‘tattered, shaggy’. Perhaps occasionally a habitational name from Rag Field in Wonersh (Surrey). The placename probably derives from Middle English ragge ‘moss, lichen’ (Old English ragge, a side-form of ragu).
Dictionary of American Family Names © Patrick Hanks 2003, 2006.
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