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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. |
1728
Oct 29
Age: 33y
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birth of childWilliam Tillotson Lyme, New London, Connecticut, USA ⇓ 3 Sources ⇓ |
| 1728 • August 14 – Vitus Bering sails northward from the Kamchatka Peninsula, through the Bering Strait, and round Cape Dezhnev. |