Currency Act

With no conduct trade colonists suffered from shortages of ccurrency. There were no gold or silver mines and the only way of obtaining currency was trade from Great Britain. Many people decide that there were no alternative to printing there own currency through the form of bills of credit. Because of this there were lots of confusion because some printed currency had interest and some didn't and several other things were problems. British merchants became uncomfortable with both the complexity and the combining of the new bills and the old bills. On Sept. 1, 1764 parliament passed the currency act which prevented any printing of bills not from Britain. With this more problems stirred and people caught smuggling bills received a hearing favorable to parliament.