Recapping 2 Events of 1672 and Unveiling 2 Bonus Highlights in the Description #shorts
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In this video, we're diving deep into the most memorable moments of 1672, recapping the top 2 events that defined the year. But that's not all – we've got a special treat for you in the description below, where we'll unveil 2 bonus highlights that you won't want to miss. Join us as we relive the past and uncover some hidden gems from 1672! Don't forget to check the description for the bonus content.
January 2 – After the government of England is unable to pay the nation's debts, King Charles II decrees the Stop of the Exchequer, the suspension of payments for one year "upon any warrant, securities or orders, whether registered or not registered therein, and payable within that time, excepting only such payments as shall grow due upon orders on the subsidy, according to the Act of Parliament, and orders and securities upon the fee farm rents, both which are to be proceeded upon as if such a stop had never been made." The money saved by not paying debts is redirected toward the expenses of the upcoming war with the Dutch Republic, but the effect is for the halt by banks for extending further credit to the Crown. Before the end of the year, the suspension of payments is extended from December 31 to May 31, and then to January 31, 1674.
October 18 – The Treaty of Buchach, between the Ottoman Empire and the Polish–Lithuanian Commonwealth, is signed.
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