1720. "Bursting of the South Sea Bubble." See [xiii], [22].
Disastrous end of Law's financial schemes in France.
Sweden and Prussia arrange the Treaty of Stockholm; Prussia acquires a large portion of Hither Pomerania.
Sardinia becomes a kingdom, raised out of the Savoy dominions.
1721. Walpole again First Lord of the Treasury (prime minister) of England.
France becomes financially bankrupt.
1722. A patent granted Wood for the coinage of copper coin for Ireland; this led Swift to write of the "wooden halfpence."
Persia conquered by the Afghans.
A Jacobite plot against George I of England discovered.
Founding of a Moravian brotherhood at Herrnhut, Saxony.