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| 1700 |
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| Printing or weaving calico prohibited and vending of spirits regulated. | 1 |
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| 1700 Ff |
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| Economics: The Glorious Revolution has been heralded as the major turning point in economic development in England. Corporations and privileges given to towns, guilds, and traders were eliminated or changed to increase trade and competition between English trading companies. The growth of London encouraged market gardening and intensified cultivation in the surrounding countryside. Mining of coal, tin, and other metals also increased. A more sophisticated financial system was marked by the creation of insurance, improvements in banking, and the development of a national debt. Growing consumerism was marked by the spread of shops and new merchandising methods. | 2 |
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| 1700 Ff |
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| Society: Economic development created the basis for major social changes. The elimination of town privileges paved the way for the expansion of the putting-out system. | 3 |
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| 1701, June 12 |
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| ACT OF SETTLEMENT. The crown was settled on Sophia, princess of Hanover, granddaughter of James I, and her issue. The sovereigns of Great Britain were to be Protestant and not leave the kingdom without consent of Parliament. The country should not be involved in war for the defense of the foreign possessions of the sovereigns. No foreigner should receive a grant from the crown or hold office, civil or military; ministers should be responsible for the acts of their sovereigns. Judges should hold office for life unless guilty of misconduct. | 4 |
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| 1702, May 4 |
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| War declared on France (the War of the Spanish Succession; (See 1701–14). | 5 |
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| 1703, Nov |
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| Establishment of Queen Anne's Bounty, a grant of the first fruits and tithes that Henry VIII had confiscated for the crown, in trust for increasing the incomes of small benefices. | 6 |
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| Dec. 27 |
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| Treaty between England and Portugal (Methuen-Alegrete Treaty). England admitted Portuguese wines at duties one-third less than those paid by French wines, while Portugal agreed to import all its woolens from England. | 7 |
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