1248 DR


 * Verovan, last king of Westgate, dies in a shipwreck near The Neck after challenging the Red Wizards of Thay to a boat race.


 * After the death of Verovan, the noble merchant families of Westgate establish the “new” position of Croamarkh, an elected head of state whose term of office lasts four years. House Vhammos occupies the former royal palace shortly thereafter and renames the building Castle Vhammos.
 * Lord Freas dissolves his own monarchy in Turmish and establishes the Assembly of Stars, a ruling council of free citizens.


 * Guilds are formed in Waterdeep. The Lords of Waterdeep recognize the merchant gentry, marking the formal beginnings of the Waterdhavian nobility.