History, Politics & Society
History of the United States
American Revolution

What was the Currency Act?

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10/29/2009

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Year Passed: 1764

It prohibited the colonies from issuing paper money in any form. It was an effort to reapply to the colonies the old principles of mercantilism. The colonists resented it. However at first they found it difficult to resist them effectively. American continued to harbor as many grievences against one another as against the authorities in London.