Here are some one liners...
The First Building Code in Vienna -- There are two reasons for developing building codes... to force a standard of appearance or to solve a regional problem.
Isaac Newton Discovers the Rainbow Spectrum -- Once again, Newton turns science on its head as he proves that white light is made up of multiple colors called a spectrum.
Off to the Races: The First Thoroughbred Comes to England -- The horse whose bloodline is part of 95% of racing horses is brought to England this year.
The First Building Code in ViennaThe city of Vienna has grown beyond its defensive battlements in its first real urban sprawl. In order to protect its citizens, Vienna encompasses these outer areas with new battlements and a moat. Building codes are established in order to blend the new construction into the existing architecture. Building codes are something new. In the case of Vienna, the codes are being used to maintain a sense of continuity between parts of the city that are actually partitioned by walls (for now). However, in Jamaica a different reality has brought about building codes: hurricanes and earthquakes. While storms and earthquakes are considered acts of God in Old Europe and thus a punishment for some misdeed, Jamaica is getting hit so often that they no longer believe that they have been bad. They are simply in the wrong place at the wrong time, so they have established building codes for foundation and wall construction in order to improve survivability for the inhabitants and for the buildings themselves.     
Isaac Newton Discovers the Rainbow SpectrumThis year Isaac Newton publishes his work entitled, Optiks, where he demonstrates (using prisms) that white light is actually composed of a range of colors. He counts seven distinct colors: red, orange, yellow, green, blue, indigo and violet. He calls it the spectrum and he admits that he is surprised that white light is a mixture of so many colors. Certainly in painting, a mixture of such colors would not produce white. Thus he concludes that the attribute of color of an object is not inherent to the object but rather a result of the perception of the eye as some colors of white light are absorbed by an object and other colors are reflected. This contradicts Aristotle's assumption (and just about everyone's assumption at the time) that light was pure white and color only came about by mixing it with darkness and properties of the matter that the light fell upon. He also publishes this work in English rather than the normal Latin. This is a major step in the promotion of the English language as a means of conveying serious scientific ideas.  
Off to the Races: The First Thoroughbred Comes to EnglandQueen Anne of England's ambassador to the Levant (which is mainly Syria at this time) is named Thomas Darley. He buys an Arabian colt and smuggles it home to his father, Richard, who raises it. It is such a beautiful and tall horse that he puts it out to stud, never racing it. It's line becomes known as the Darley Arabian, and this horse's bloodline will become part of 95% of all thoroughbred racing horses into the modern day.  
This Year in Wikipedia
Year 1704, Wikipedia.