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The Currency Act or Paper Bills of Credit Act is one of several Acts of the Parliament of Great Britain that regulated paper money issued by the colonies of British America. The Acts sought to protect British merchants and creditors from being paid in depreciated colonial currency.
28 Σεπ 2023 · Currency Act — Quick Facts. Key facts and important details about the Currency Act of 1764 for kids doing research and students studying for the AP U.S. History (APUSH) exam.
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The Currency Act of 1764 stated that colonists could no longer use bills of credits in official trades. The British government wanted more control over their economy. Many in the colonies blamed this act for causing economic failure.
15 Ιουλ 2019 · The Currency Act was legislation that placed restrictions on the issuing of paper money in the American colonies. It was passed by the British Parliament in April 1764 after lobbying from British merchants, who were concerned about being paid in paper money that quickly lost its value.
2 Οκτ 2020 · The Currency Act of 1764, banned the use of paper money in the American colonies and helped fan the flames of the American Revolution.
The Meaning and Definition of the Currency Act: The Currency Act of 1764 was a British Law, passed by the Parliament of Great Britain on September 1, 1764, that was designed to control the colonial currency system.
