Charles II (r. 1660 – 1685) lends his assent to the Statute of Frauds, creating five classes of business contracts, and procedures for their enforcement.

       NOTE: This act contributed greatly to Great Britain becoming the dominant lassez-faire realm for centuries.

       [restored 5/29/2021] Thanks to Freedom’s Phoenix for this entry.

Subsequent Events:

Authority:

Magna Carta, Chapter 41
ccc-2point0.com/magna-carta-excerpts

References:

The 1677 Statute of Frauds History We Neglect at Our Peril « naked capitalism
www.nakedcapitalism.com/2015/12/the-1677-statute-of-frauds-history-we-neglect-at-our-collective-peril.html

Current U.s. National Debt:

$36,167,124,467,492

Source