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The Currency Act was a British law that prohibited the colonies from issuing or reissuing paper money. It was one of the measures that sparked the American Revolution and was mentioned in the Declaration of Independence.
- Quartering Act of 1765
The Quartering Act of 1765. March 24, 1765. AN ACT to amend...
- The Sugar Act
The Sugar Act reduced the rate of tax on molasses from six...
- Quartering Act of 1765
28 Σεπ 2023 · At the urging of those merchants, on April 19, 1764, the British Parliament passed the Currency Act. That act prohibited the colonies from printing any new paper money and stated that the paper money already in circulation was to be retired according to a prescribed timetable.
The Currency Act or Paper Bills of Credit Act [1] [2] 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.
2 Οκτ 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. Passed by Parliament on September 1, 1764, the act extended the restrictions of the Currency Act of 1751 ...
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.
Currency Act. This act prohibited American colonies from issuing their own currency, angering many American colonists. Beginnings of Colonial Opposition. American colonists responded to the Sugar Act and the Currency Act with protest.
To protect British merchants and creditors from depreciated colonial currency, this act regulated currency, abolishing the colonies' paper currency in favor of a system based on the pound sterling.
