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Currency Act of 1764

Definition of the 1764 Currency Act
The 1764 Currency Act was a law passed by British Parliament to regulate the issue and legal tender status of paper money in the colonial economy. This act was an extension of the  that applied to New England colonies, the 1764 Currency Act applied the same principles to all British colonies in America.
Why was the 1764 Currency Act passed?
British law banned the minting of coins and the issue of official government money in America. To avoid this restriction colonial governments issued “bills of public credit”, …

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Tea Act Crisis

Opposition to the The Tea Act led to the historical event known as the Boston Tea Party . One hundred Bostonians disguised as American Indians boarded British ships anchored in the harbor and dumped 342 chests of tea that belonged to the East India Company.

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Tea Act contribution to the Revolutionary War

Consequences of the Tea Act
Despite the economic benefit to end consumers of tea, the Tea Act damaged the position of independent shippers, smugglers and local shopkeepers. John Hancock was a well known tea smuggler whose tea inventory was seized by custom officials. Powerful business interest and  convinced the population to view the act as another means of  as they did not have the freedom to buy tea from other merchants at the same price as from selected official merchants.
Colonists showed their opposition to the Tea Act through the Boston Tea …

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Text of The Currency Act of 1751

The following is the original text of the Currency Act of 1751.
WHEREAS the Act of Parliament made in the sixth Year of her late Majesty Queen Anne, intituled An Act for ascertaining the Rate of foreign Coins in her Majesty’s Plantations in America, hath been intirely frustrated in his Majesty’s said Colonies of Rhode Island and Providence Plantations, Connecticut, the Massachusets Bay, and New Hampshire in America, by their creating and issuing, from Time to Time, great Quantities of Paper Bills of Credit, by virtue of Acts of Assembly, Orders, …

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Text of the Currency Act of 1764

The following is the original text of the Currency Act of 1764.
WHEREAS great quantities of paper bills of credit have been created and issued in his Majesty’s colonies or plantations in America, by virtue of acts, orders, resolutions, or votes of assembly, making and declaring such bills of credit to be legal tender in payment of money: and whereas such bills of credit have greatly depreciated in their value, by means whereof debts have been discharged with a much less value than was contracted for, to the great discouragement and …