When John Marchant was born on 18 February 1657, in Stogursey, Somerset, England, his father, Richard Marchant, was 28 and his mother, Jane Leadman, was 26. He married Rebecca Luckwell on 16 September 1693, in All Saints' Church, Dodington, Somerset, England. They were the parents of at least 2 sons and 2 daughters. He died in September 1727, in Stogursey, Somerset, England, at the age of 70, and was buried in St Andrew's Church, Stogursey, Somerset, England.
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The Glorious Revolution brought the downfall of Catholic King James II and the reign of his Protestant daughter Mary and her Dutch husband, William III of Orange.
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 (southern): occupational name from Middle English marchaunt ‘merchant, trader, shopkeeper’ (Old French marchand, marchëant).
Altered form of French Marchand , a cognate of 1 above.
History: John Marchant (c. 1600–c. 1668) was in Newport, RI, before 1638. In that year he moved to Braintree, MA, then to Watertown, MA (1642), and finally to Yarmouth, MA (1648). His descendants included many sea captains and other prominent people.
Dictionary of American Family Names © Patrick Hanks 2003, 2006.
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