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The Currency Act 1764 (4 Geo. 3. 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 depreciation of colonial currency was harmful to creditors in Great Britain when colonists paid their debts with money that had lost value. The British parliament passed several currency acts to regulate the paper money issued by the colonies. The Currency Act 1751 restricted the issue of paper
British Subjects Act 1751 [1] 25 Geo. 2. c. 39. 26 March 1752. An Act to obviate Doubts that may arise upon an Act made and passed in the Eleventh and Twelfth Years ...
For acts passed up until the Act of Union 1707: List of acts of the Parliament of England; List of acts of the Parliament of Scotland; List of acts of the Parliament of Ireland; For acts passed from 1801 onwards: List of acts of the Parliament of the United Kingdom; For acts of the modern devolved parliaments and assemblies in the United Kingdom:
Paper Bills of Credit, American Colonies Act 1750 or the Currency Act 1751 (repealed) 24 Geo. 2. c. 53. 25 June 1751. ... British Subjects Act 1751 [1] 25 Geo. 2. c. 39.
These terms and divisions of currency were in use from the 7th century. The value of some coins fluctuated, particularly in the reigns of James I and Charles I. The value of a guinea fluctuated between 20 and 30 shillings before being fixed at 21 shillings in December 1717.
With the Currency Act of 1751, the British parliament limited the ability of the New England colonies to issue fiat paper currency. Under the 1751 act, the New England colonial governments could make paper money legal tender for the payment of public debts (such as taxes), and could issue bills of credit as a tool of government finance, but ...
Currency Act; D. Disorderly Houses Act 1751; G. Gin Act 1751; M. Minority of Successor to Crown Act 1751; Murder Act 1751