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12-Nov-2016 15:56 by 10 Comments

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Queen Anne died in 1714, and the Elector of Hanover, George Louis, became king as George I (1714–1727).He paid more attention to Hanover and surrounded himself with Germans, making him an unpopular king, However he did build up the army and created a more stable political system in Britain and helped bring peace to northern Europe.

The South Sea Bubble was a business enterprise that exploded in scandal.The Kingdom of Great Britain came into being on , as a result of the political union of the Kingdom of England (which included Wales) and the Kingdom of Scotland.The terms of the union had been negotiated the previous year, and laid out in the Treaty of Union.Slightly more than one-hundred years later, the Treaty of Union enabled the two kingdoms to be combined into a single kingdom, merging the two parliaments into a single parliament of Great Britain.Queen Anne, who was reigning at the time of the union, had favoured deeper political integration between the two kingdoms and became the first monarch of Great Britain.The South Sea Company was a private business corporation set up in London ostensibly to grant trade monopolies in South America.

Its actual purpose was to re-negotiate previous high-interest government loans amounting to £31 million through market manipulation and speculation.As a result, in 1927 the United Kingdom changed its formal title to the "United Kingdom of Great Britain and Northern Ireland," usually shortened to "Britain" and (after 1945) to the "United Kingdom" or "UK".In the Second World War, in which the Soviet Union, Nationalist China and the US joined Britain as Allied powers, Britain and its Empire fought a successful war against Germany, Italy and Japan.Scottish and English law remained separate, as did the Presbyterian Church of Scotland and the Anglican Church of England.England and Scotland also continued to each have its own system of education.The parliaments of Scotland and of England then each ratified the treaty via respective Acts of Union.

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