March 24 – The Riksdag of the Estates elects Frederick I new King of Sweden.
April – "South Sea Bubble" in England: A scheme, for the
South Sea Company to take over most of the unconsolidated national debt of Britain, massively inflates share prices.
July 12 – The Lords Justice in Great Britain attempt to curb some of the excesses of the stock markets during the South Sea Bubble. They dissolve a number of petitions for patents and charters, and abolish more than 80 joint-stock companies of dubious merit, but this has little effect on the creation of "Bubbles", ephemeral joint-stock companies created during the hysteria of the times.