WebPrime Minister George Grenville won approval of a Currency Act (1764) that banned the use of paper money as legal tender, thereby protecting the British merchants from colonial currency that was not worth its face value. 3. Grenville then proposed the Sugar Act of 1764 (a new navigation act) to replace the widely evaded Molasses Act of 1733. 4. The Currency Act 1764 (4 Geo. III c. 34) extended the 1751 Act to all of the British colonies of North America. Unlike the earlier Act, this statute did not prohibit the colonies from issuing paper money, but it did forbid them from designating future currency issues as legal tender for public and private debts. This tight money policy created financial difficulties in the colonies, where gold and silver were in short supply. Benjamin Franklin, a colonial agent in London, lobbied for repea…
Currency Act 1764 Teaching Resources TPT
WebCurrency Act 1764 This act applied to all of the colonies. It banned the production of paper money in the colonies in an effort to combat the inflation caused by Virginia's decision to … WebThe 1764 Revenue Act, known also as the Sugar Act, established a so-called 'super' Vice-Admiralty Court in Halifax, Nova Scotia, presided over by a Crown-appointed judge, the … imrt regulations
Currency Act of 1764 Encyclopedia.com
WebFeb 14, 2024 · The Currency Acts of 1751 and 1764 were one of the causes of the Revolutionary War. The Acts were an attempt by Parliament to limit the colonies’ ability to create their own currency. It was both an attempt to solve possible inflation and control the colonies. In early British Colonial America, the Americans really didn’t have any gold or ... Web1. The Sugar Act a. Reform-minded Prime Minister George Grenville won approval of the Currency Act of 1764 that banned the use of paper money as legal tender, thereby protecting the British merchants from colonial currency that was not worth its face value. b. Grenville then proposed the Sugar Act of 1764 (a new Navigation Act) to Web2 days ago · The Stamp Act of 1765 was the first internal tax levied directly on American colonists by the British Parliament. The issues raised by the Stamp Act festered for 10 years before giving rise to the ... imrt treatments