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Background
Everyone was making different kinds of money and it needed to be stop so they could all have the same kind of currency. -
Wants
British merchants did not want American currency they wanted their own British money. -
Colonial bills
They got rid of the colonial bills and made a new currency "Hard currency" -
Important people
British parliament and colonies -
Importance
Fought in wars to gain money for their side but ended up having to pay their debts back. -
Fun facts
There was so many different kinds of money that you could only use certain money to buy/pay for certain things. -
All colonies
The act in 1751 was passed for only the New England Colonies. The act of 1764 was for all colonies. -
Fun Fact
The Currency Act of 1764 was an extended to the 1751 version -
Other Acts around this time
The Stamp Act and The Sugar Act was around the same time of The Currency Act. -
The Act
The currency act was passed to control all currency. This prohibited the make of any new money and to get rid of all old money.