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10 Απρ 2024 · In 1764, the British Parliament passed the Currency Act to regulate colonial trade and finances during the French and Indian War. This act prohibited the American colonies from printing their own paper money and required them to solely use British currency, which was scarce in the colonies. Worksheets / Social Studies / Currency Act of 1764 ...
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.
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.
II. And whereas the great quantities of paper bills, or bills of credit, which are now actually in circulation and currency in several colonies or plantations is America, emitted in pursuance of acts of assembly declaring such bills a legal tender, make it highly expedient that the conditions and terms, upon which such bills have been emitted ...
Updated on October 02, 2020. The Currency Act of 1764 was the second and most impactful of two laws passed by the British government during the reign of King George III that attempted to take total control of the monetary systems of all 13 colonies of British America.
The Currency Act was a law passed by the British Parliament in 1764 that regulated paper money issued by the American colonies. This act aimed to create a uniform currency system and eliminate the use of colonial paper currency, which had been causing economic instability and depreciation.
In 1764, Parliament passed the Currency Act, which prohibited any further issue of American paper money. Like the Stamp Act the following year, this attempt to impose control over the colonies succeeded only in uniting them in protest.
