Coffee
Timeline
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| 1652 |
| First coffee house opens in Britain. |
| Coffeehouses are called "penny universities" (a penny is charged for admission and a cup of coffee). Edward Lloyd's coffee house opens in 1668. It eventually becomes Lloyd's of London, the world's best known insurance company. The word “TIPS” is coined in an English coffee house: A sign reading “To Insure Prompt Service” (TIPS) was place by a cup. Those desiring prompt service and better seating threw a coin into the cup.
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