Search results
Results From The WOW.Com Content Network
The first act, the Currency Act 1751 (24 Geo. 2. c. 53), restricted the issue of paper money and the establishment of new public banks by the colonies of New England. [7] These colonies had issued paper fiat money known as "bills of credit" to help pay for military expenses during the French and Indian Wars.
Another act, the Currency Act 1764, extended the restrictions to the colonies south of New England. Unlike the earlier act, this act did not prohibit the colonies in question from issuing paper money but it forbade them to designate their currency as legal tender for public or private debts.
10) known variously as the New England Trade And Fisheries Act, the New England Restraining Act, or the Trade Act 1775, limited the export and import of any goods to and from only Great Britain, Ireland, and the British West Indies; it also prohibited the New England colonies from fishing in the waters off Newfoundland and most of America's ...
The American colonists resisted these laws, particularly in the New England colonies which had established significant trading networks with other English colonies and with European countries and their colonies, especially Spain and the Dutch Republic. The Navigation Acts also outlawed some long-standing New England practices, in effect turning ...
The laws also regulated England's fisheries and restricted foreign—including Scottish and Irish—participation in its colonial trade. [1] While based on earlier precedents, they were first enacted in 1650 and 1651 under the Commonwealth .
The third year, a new criminal code omitted the banking provision, allowing banks to organize under general business law. [27] The Panic of 1857 wiped out all of the territory's banks, and only one paid all of its notes. [28] In 1863 the federal government passed a National Bank Act that created a national currency based on federal debt. This ...
New York, which has some of the toughest gun control laws in the nation, is facing several other lawsuits over firearm restrictions, including a challenge to a law that makes it illegal to carry a ...
The Massachusetts Body of Liberties was the first legal code established in New England, compiled by Puritan minister Nathaniel Ward. The laws were established by the Massachusetts General Court in 1641. The Body of Liberties begins by establishing the exclusive right of the General Court to legislate and dictate the "Countenance of Authority".