jan 2, 1764 - The Currency Act
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There were two Currency Acts, one passed in 1751, which restricted the making of paper money and public banks in the colonies; it also limited the future bills to be only legal tender for public debts, but not private debts. The second act was passed in 1764, extending the 1751 Act to all British colonies. It restricted the colonies from making future currency as legal tender. Many important figures such as Benjamin Franklin wanted it repealed. This act hit the economy hard as it led to a currency shortage and created tension between the colonies and Britain; it was a factor in the revolution.
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Road to Revolution
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