The colonies suffered a constant shortage of currency to conduct trade. Currency could only be obtained through trade and many of the colonies printed their own paper money. But because there were no common regulations and no standard value on which to base the notes, confusion ensued.
1764
In according to my opinion our own currency is highest currency......
the currency is the franc
the currency is euro
The world's oldest currency still in use is Pound Sterling (The currency of the United Kingdom).
There were two acts of 1764 the Revenue Act (sugar act) and the Currency Act of 1764.
The currency act was passed in 1764
The Currency Act was passed in 1764.
The currency act of 1764 was repealed by England in 1767.
The suger act and currency act passed in 1764
It was the Currency Act that outlawed the use of paper money in the colonies. Parliament passed the act in 1764.
The Currency Act of 1764 was passed after the French and Indian War had ended. The act banned the use of paper money in all colonies. In passing this, the British government was attempting to have a greater amount of control over the individual colonies.
Parliament passed the Currency Act of 1764 to take control of the colonial currency system. It banned the printing of any new currency and forbid the use of the old colonial currency. It also stated that Britain had the power to try any smugglers and would enforce the results of the prosecution to their advantage rather than the colonies', advantage.
it prohibited the colonist from printing paper money
America was getting rich by not owing anyone interest on the money they were printing themselves. Great Britain viewed America as becoming too independent. The Currency Act of 1764 was another straw that lead to the America Revolution.
they didin't whan't the colonies to have there own money
Britain's rationale for enacting the Currency act of 1764 was to support British merchants, and therefore benefit the British economy. And also to increase the gold and silver reserves in Great Britain, which were running very low on this nonpaper money currency.