The world: historical and actual . * DERN England may besaid to date from the?loodless revolutionwhich cost .lames crown. His expul-sion from the kingdomnot only secured Prot-estanisni from .ill dan-ger of a papalreaction, butit subordinated the royalprerogative tothe will of thepeople. Hence-forth the sov-ereignty willnot merit much attention, be-ing a very insignificant part ofPresent England. To clear theway for weightier mattersthan crowns and scepters, with-out entirely ignoring the royalfamily, it is proposed to narratethe notable dynastic facts be-fore entering upon the heart of
The world: historical and actual . * DERN England may besaid to date from the?loodless revolutionwhich cost .lames crown. His expul-sion from the kingdomnot only secured Prot-estanisni from .ill dan-ger of a papalreaction, butit subordinated the royalprerogative tothe will of thepeople. Hence-forth the sov-ereignty willnot merit much attention, be-ing a very insignificant part ofPresent England. To clear theway for weightier mattersthan crowns and scepters, with-out entirely ignoring the royalfamily, it is proposed to narratethe notable dynastic facts be-fore entering upon the heart of the subject before *H If. us in this chapter. Queen Aiiue died August 1,1T14. In accordance with the Act of Settlementpassed by parliament in 1701, George I., Elector ofHanover, succeeded her upon the throne. Hisreign continued thhteen years. Sir Horace Wal-pole, whose motto was, Every man has hisprice, was the foremost politician (statesman hewas not) of that reign. Walpole became premierunder (ieorge the First, andcontinued to hold that positionfifteen years under his succes-sor, <ieorge II. The most mem-orable feature of the reign ofthe first of the Georges was theSouth Sea Bubble. That gi-gantic speculation dates backto Queen Annes reign, theSouth Sea Company havingbeen chartered in 1711. It wasa scheme to monopolize Britishtrade along the coast of SpanishAmerica. In a few years thecompany became a formidablerival of the Bank of England infinancial influence. Its pros-perity was purely speculative. It had the effect 46 (367) ^pT 368 PRESENT ENGLAND.
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Keywords: ., bookcentury1800, bookdecade1880, booksubjectworldhistory, bookyea
