It prohibited colonists from issuing paper money to pay for the taxes owed the British government. In accord with thee act taxes due were to be pay'd in gold, silver.
it prohibited the colonist from printing paper money
The Currency Act was passed in 1764.
The currency act was 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 suger act and currency act passed in 1764
they didin't whan't the colonies to have there own money
It prohibited colonists from issuing paper money to pay for the taxes owed the British government. In accord with thee act taxes due were to be pay'd in gold, silver.
The Revenue Act of 1764 was also known as the Sugar Act. This act was passed on April 5th, 1764 by the Parliament of Great Britain in an attempt to raise revenue through the taxation on sugar and molasses that were purchased by the colonists.
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.
The colonists reaction to the currency act of 1764 was that they didn't think it was fair to abolish their currencies and impose the pound as the only acceptable form of money. They protested against it.
Many colonists believed that this legislation meant the British were trying to take away their tradition of self-government.