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Impact Of The Currency Act Of 1764

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The Currency Act of 1764 was a British Law, passed by the Parliament of Great Britain on September 1, 1764, that was designed to control the colonial currency system. This act prohibited the issue of any new “Bills of Credit” and the reissue of existing currency by the American colonists in the thirteen colonies. The reason the Britain Parliament passes this act was because they wanted to control the printing and use of colonial paper money. Also, it was said that British merchants in England wanted to be paid in British currency and not colony currency. The colonists did not like this act and therefore colonial merchants refused to buy goods from Great Britain. The Currency Act had a great impact to the time period because it was another one
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Acts and taxes limited the colonists freedom which resulted in the colonists wanting to be more independent. The Proclamation Line of 1763 is a good example of the king limiting the colonists freedom. The king is limiting the colonists freedom by forcing them to stop expanding West which resulted in families being forced to leave their homes and colonial expansion ends. The Sugar Act of 1764 reduced the molasses tax and prosecuted smugglers. The Sugar Act was repealed in 1766.

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