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1694
Nov 17
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. |
1775
Jan 16
Age: 80y
1775 • American Revolution: Brunswick militiamen commanded by Samuel Thompson capture Henry Mowat, captain of HMS Canceaux.Leamon, James S. Revolution Downeast: The War for American Independence in Maine (1995) University of Massachusetts Press pp.62-67 |