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1694
| 1694 • The Bank of England is founded through Royal charter by the Whig-dominated Parliament of England following a proposal by the Scottish merchant William Paterson to raise capital by offering safe and steady returns of interest guaranteed by future taxes. A total of £1.2 million is raised for the war effort against Louis XIV by the end of the year to establish the first-ever government debt. |
1719
Age: 25y
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marriageAnn Mothershead Virginia, USA ⇓ 2 Sources ⇓ |
| 1719 • Thomas Elfe, born in 1719 was a successful colonial period furniture craftsman in Charleston, South Carolina. |
1748
Jul 28
Age: 54y
deathOrange County, Virginia, USA ⇓ Date will was proved 1 Source ⇓ |
| 1748 • Louis XV of France authorizes a 5% income tax on every individual regardless of social status; the Parlement of Paris protests. |