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2 days ago · Salutary Neglect. In 1721, Robert Walpole was named First Lord of the Treasury and also became the first Prime Minister of Britain. Walpole sought to expand the British Empire through trade and understood that American merchants were generating profits that benefitted Britain, even if they were doing so through illegal means.
3 days ago · Sir Robert Walpole alone opposed the bill in the House, and with clear-sighted sense (though the stock had risen from 130 to 300 in one day) denounced "the dangerous practice of stock-jobbing, and the general infatuation, which must," he said, "end in general ruin."
1 day ago · The house was occupied first by its creator, Edward Russell, earl of Orford, and then by Sir Robert Walpole, PaymasterGeneral, from 1714. (fn. 11) Walpole employed Sir John Vanbrugh to enlarge the house, and design stables and coachhouse and garden buildings including the surviving orangery.
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6 days ago · Preoccupied with events in Europe and imperial rivalries, successive British governments during the first half of the eighteenth century adopted a policy of "salutary neglect" toward the colonies, leaving them largely to govern themselves.