September 5 – In an effort to move his people away from Asiatic customs, Tsar Peter I of Russia imposes a tax on beards: all men except priests and peasants are required to pay a tax of either 100 or 60 rubles a year, depending upon status; peasants are required to pay two half kopecks each time they entered a city.
November – Tani Jinzan, astronomer and calendar scholar, observes a fire destroy Tosa (now Kōchi) in Japan at the same time as a Leonidmeteor shower, taking it as evidence to reinforce belief in the "Theory of Areas".
Since the establishment of its presidencies in 1689, the British East India Company has been under constant pressure from traders who are not members of the company and are not licensed by the Crown to trade. Under a parliamentary ruling in favour of free trade, these private newcomers are able to set up a new company, called the New Company or English Company.
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