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1720 In Great Britain
Events from the year 1720 in Great Britain. Incumbents * Monarch – George I * Parliament – 5th Events * 10 February – Edmond Halley is appointed Astronomer Royal by George I * 17 February – Treaty of The Hague signed between Britain, France, Austria, the Dutch Republic and Spain ending the War of the Quadruple Alliance. * April – " South Sea Bubble": A scheme for the South Sea Company to take over most of Britain's unconsolidated government debt massively inflates share prices. * 15 April – Ralph Allen of Bath is appointed to farm Cross and Bye Posts (i.e. to manage mail not going via London), leading to his reform of the system. * 23 April (St George's Day) – George I publicly reconciles with his son George, Prince of Wales at St James's Palace * 1 June – British silversmiths are once again allowed to use sterling silver after 24 years of being limited to a purer (but softer) Britannia silver. * 11 June ** Robert Walpole and his ally and brother-in-law Char ...
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Union Flag 1606 (Kings Colors)
Union commonly refers to: * Trade union, an organization of workers * Union (set theory), in mathematics, a fundamental operation on sets Union may also refer to: Arts and entertainment Music * Union (band), an American rock group ** Union (Union album), ''Union'' (Union album), 1998 * Union (Chara album), ''Union'' (Chara album), 2007 * Union (Toni Childs album), ''Union'' (Toni Childs album), 1988 * Union (Cuff the Duke album), ''Union'' (Cuff the Duke album), 2012 * Union (Paradoxical Frog album), ''Union'' (Paradoxical Frog album), 2011 * ''Union'', a 2001 album by Puya (band), Puya * ''Union'', a 2001 album by Rasa (band), Rasa * Union (The Boxer Rebellion album), ''Union'' (The Boxer Rebellion album), 2009 * Union (Yes album), ''Union'' (Yes album), 1991 * Union (Black Eyed Peas song), "Union" (Black Eyed Peas song), 2005 Other uses in arts and entertainment * Union (Star Wars), ''Union'' (Star Wars), a Dark Horse comics limited series * Union, in the fictional Allian ...
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Dutch Republic
The United Provinces of the Netherlands, also known as the (Seven) United Provinces, officially as the Republic of the Seven United Netherlands (Dutch: ''Republiek der Zeven Verenigde Nederlanden''), and commonly referred to in historiography as the Dutch Republic, was a federal republic that existed from 1579, during the Dutch Revolt, to 1795 (the Batavian Revolution). It was a predecessor state of the Netherlands and the first fully independent Dutch nation state. The republic was established after seven Dutch provinces in the Spanish Netherlands revolted against rule by Spain. The provinces formed a mutual alliance against Spain in 1579 (the Union of Utrecht) and declared their independence in 1581 (the Act of Abjuration). It comprised Groningen, Frisia, Overijssel, Guelders, Utrecht, Holland and Zeeland. Although the state was small and contained only around 1.5 million inhabitants, it controlled a worldwide network of seafaring trade routes. Through its tradin ...
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Britannia Silver
Britannia silver is an alloy of silver containing 11 ozt 10 dwt (i.e. 11½ troy oz.) silver in the pound troy, equivalent to , or 95.833% by weight (mass) silver, the rest usually being copper. This standard was introduced in England by Act of Parliament in 1697 to replace sterling silver (92.5% silver) as the obligatory standard for items of "wrought plate". The lion passant gardant hallmark denoting sterling was replaced with "the figure of a woman commonly called Britannia", and the leopard's head mark of the Worshipful Company of Goldsmiths (in London) replaced with a "lion's head erased". Britannia standard silver was introduced as part of the great recoinage scheme of William III from 1696, when attempts were made to limit the clipping and melting of sterling silver coinage. A higher standard for wrought plate meant that sterling silver coins could not easily be used as a source of raw material because additional fine silver, which was in short supply at the time, woul ...
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Sterling Silver
Sterling silver is an alloy of silver containing 92.5% by weight of silver and 7.5% by weight of other metals, usually copper. The sterling silver standard has a minimum millesimal fineness of 925. ''Fine silver'', which is 99.9% pure silver, is relatively soft, so silver is usually alloyed with copper to increase its hardness and strength. Sterling silver is prone to tarnishing, and elements other than copper can be used in alloys to reduce tarnishing, as well as casting porosity and firescale. Such elements include germanium, zinc, platinum, silicon, and boron. Recent examples of these alloys include ''argentium'', ''sterlium'' and ''silvadium''. Etymology One of the earliest attestations of the term is in Old French form , in a charter of the abbey of Les Préaux, dating to either 1085 or 1104. The English chronicler Orderic Vitalis (1075 – 1142) uses the Latin forms and . The word in origin refers to the newly introduced Norman silver penny. According to the Oxford Eng ...
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St James's Palace
St James's Palace is the most senior royal palace in London, the capital of the United Kingdom. The palace gives its name to the Court of St James's, which is the monarch's royal court, and is located in the City of Westminster in London. Although no longer the principal residence of the monarch, it is the ceremonial meeting place of the Accession Council, the office of the Marshal of the Diplomatic Corps, as well as the London residence of several members of the royal family. Built by order of Henry VIII in the 1530s on the site of a leper hospital dedicated to Saint James the Less, the palace was secondary in importance to the Palace of Whitehall for most Tudor and Stuart monarchs. Initially surrounded by gardens, it was generally used as a retreat from the formal court and occasionally a royal guest house. After the destruction by fire of Whitehall, the palace increased in importance during the reigns of the early Hanoverian monarchs, but was displaced by Buckingham Palac ...
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George II Of Great Britain
, house = Hanover , religion = Protestant , father = George I of Great Britain , mother = Sophia Dorothea of Celle , birth_date = 30 October / 9 November 1683 , birth_place = Herrenhausen Palace,Cannon. or Leine Palace, Hanover , death_date = , death_place = Kensington Palace, London, England , burial_date = 11 November 1760 , burial_place = Westminster Abbey, London , signature = Firma del Rey George II.svg , signature_alt = George's signature in cursive George II (George Augustus; german: link=no, Georg August; 30 October / 9 November 1683 – 25 October 1760) was King of Great Britain and Ireland, Duke of Brunswick-Lüneburg (Hanover) and a prince-elector of the Holy Roman Empire from 11 June 1727 ( O.S.) until his death in 1760. Born and brought up in northern Germany, George is the most recent British monarch born outside Great Britain. The Act of Settlement 1701 and the Acts of Union 1707 positioned his grandmother, ...
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St George's Day
Saint George's Day is the feast day of Saint George, celebrated by Christian churches, countries, and cities of which he is the patron saint, including Bulgaria, England, Georgia, Portugal, Romania, Cáceres, Alcoy, Aragon and Catalonia. Saint George's Day is celebrated on 23 April, the traditionally accepted date of the saint's death in the Diocletianic Persecution. Date In the calendars of the Lutheran Churches, those of the Anglican Communion, and the General Calendar of the Roman Rite, the feast of Saint George is normally celebrated on 23 April. Since Easter often falls close to Saint George's Day, the church celebration of the feast may be moved from 23 April: for 2011, 2014, 2019 and 2022 the Lutheran, Anglican and Catholic calendars celebrated Saint George's Day on the first available weekday after the Octave of Easter (see Easter Week) (2 May 2011, 28 April 2014, 29 April 2019 and 25 April 2022 respectively). The church celebration of nearly all saints' days a ...
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Mail
The mail or post is a system for physically transporting postcards, letter (message), letters, and parcel (package), parcels. A postal service can be private or public, though many governments place restrictions on private systems. Since the mid-19th century, national postal systems have generally been established as a government monopoly, with a fee on the article prepaid. Proof of payment is usually in the form of an adhesive postage stamp, but a postage meter is also used for bulk mailing. With the advent of email, the retronym "snail mail" was coined. Postal authorities often have functions aside from transporting letters. In some countries, a Postal Telegraph and Telephone, postal, telegraph and telephone (PTT) service oversees the postal system, in addition to telephone and telegraph systems. Some countries' postal systems allow for savings accounts and handle applications for passports. The Universal Postal Union (UPU), established in 1874, includes 192 member countries a ...
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Bath, Somerset
Bath () is a city in the Bath and North East Somerset unitary area in the county of Somerset, England, known for and named after its Roman-built baths. At the 2021 Census, the population was 101,557. Bath is in the valley of the River Avon, west of London and southeast of Bristol. The city became a World Heritage Site in 1987, and was later added to the transnational World Heritage Site known as the "Great Spa Towns of Europe" in 2021. Bath is also the largest city and settlement in Somerset. The city became a spa with the Latin name ' ("the waters of Sulis") 60 AD when the Romans built baths and a temple in the valley of the River Avon, although hot springs were known even before then. Bath Abbey was founded in the 7th century and became a religious centre; the building was rebuilt in the 12th and 16th centuries. In the 17th century, claims were made for the curative properties of water from the springs, and Bath became popular as a spa town in the Georgian era. ...
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Ralph Allen
Ralph Allen (1693 – 29 June 1764) was an entrepreneur and philanthropist, who was notable for his reforms to the British postal system. Allen was born in Cornwall but moved to Bath to work in the post office, becoming the postmaster at the age of 19. He made the system more efficient and took over contracts for the mail system to cover England to the borders of Scotland and into South Wales. He bought local stone mines from his postal profits and had Prior Park built as his house to show off the versatility of the local Bath stone, using the old post office as his town house. With the architect John Wood the Elder, the stone he mined was used in the building work for the development of the Georgian city. However, the mines did not consistently make a profit and Allen subsidised them from his postal profits. After his death, he was buried in a pyramid-topped tomb in Claverton churchyard. He is commemorated in the names of streets and schools in the city of Bath and w ...
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Government Debt
A country's gross government debt (also called public debt, or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt. In 2020, the value of government debt worldwide was $87.4 US trillion, or 99% measured as a share of gross domestic product (GDP). Government debt accounted for almost 40% of all debt (which includes corporate and household debt), the highest share since the 1960s. The rise in government debt since 2007 is largely attributable to the global financial crisis of 2007–2008, and the COVID-19 pandemic. The ability of government to issue debt has been central to state formation and to state building. Public debt ...
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South Sea Company
The South Sea Company (officially The Governor and Company of the merchants of Great Britain, trading to the South Seas and other parts of America, and for the encouragement of the Fishery) was a British joint-stock company founded in January 1711, created as a public-private partnership to consolidate and reduce the cost of the national debt. To generate income, in 1713 the company was granted a monopoly (the Asiento de Negros) to supply African slaves to the islands in the "South Seas" and South America. When the company was created, Britain was involved in the War of the Spanish Succession and Spain and Portugal controlled most of South America. There was thus no realistic prospect that trade would take place, and as it turned out, the Company never realised any significant profit from its monopoly. However, Company stock rose greatly in value as it expanded its operations dealing in government debt, and peaked in 1720 before suddenly collapsing to little above its ...
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