Acworth was born 22 November 1850 at Rothley in Leicestershire, and died in London on 2 April 1925. He was the third son of the Rev. William Acworth and his wife, Margaret Dundas, of Glasgow. Acworth was educated at Uppingham School and Christ Church, Oxford where he was awarded a BA (second class) in modern history in 1872. In that year he began work as the private tutor to princes William (later to become Kaiser Wilhelm II) and Henry of Germany. In May 1875 and again in 1885, Acworth was an assistant teacher at Dulwich College. In 1890, the Inner Temple called him to the bar.
From The Biographical Dictionary of British Economists in Oxford Reference.