Summary: The Currency Act Of 1764

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The Currency Act of 1764 was a law passed by Great Britain on September 1,1764. This act prohibited the manufacturing of any new or re-issuing of any existing currency by the colonists. The purpose of this act was to control the making and use of colonial paper money, please the British merchants who did not trust the colonial paper money, and to reduce the national debt. This act caused the colonies to suffer a constant shortage of silver and gold, this stopped trade between the colonies and other countries.
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