History of the United States I / Unit 5 USH1 0608 short lesson, about 20 seconds
The Currency Act
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The idea
The Currency Act of seventeen sixty-four prohibited the colonies from printing additional paper money and required payment to British merchants in gold and silver.
In practice
A measure justified as standardising the currency of Atlantic trade.
Where people slip
With gold and silver in short supply, it brought colonial economic activity under greater British control and colonists felt the tightness.
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