When Charles Beauclerk, 2nd Duke of St Albans, KG, KB was born on 6 April 1696, his father, Charles Beauclerk 1st Duke of St Albans, KG, was 25 and his mother, Lady Diana de Vere, was 17. He married Lucy Werden on 13 December 1722, in Bray, Berkshire, England, United Kingdom. They were the parents of at least 1 son and 1 daughter. He died on 27 July 1751, in London, England, at the age of 55, and was buried in Westminster Abbey, Westminster, Middlesex, England, United Kingdom.
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The South Sea Bubble Bill was passed by the House of Lords in 1720. This allowed the South Sea company to monopolize trade with South America. The company underwrote the English National Debt which promised 5% interest from the government. As shares rose exponentially, many companies were created and many fortunes were made. The stocks crashed and many people lost their money which caused them to become destitute overnight and suicide was common. Robert Walpole took charge of the South Sea Bubble Financial Crisis by dividing the national debt between the Bank of England, the Treasury, and the Sinking Fund.
English: nickname, evidently a 17th-century coinage from French beau ‘fine, handsome’ + clerc ‘clerk’.
Dictionary of Family Names in Britain and Ireland © University of the West of England 2016
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