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  • 03-11-2020
  • Social Studies
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For currency, what did the currency issues prevent????

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chasethompson77
chasethompson77 chasethompson77
  • 03-11-2020

Answer:

What happened to the currency act?

The act prohibited the issue of any new bills and the reissue of existing currency. Parliament favored a "hard currency" system based on the pound sterling, but was not inclined to regulate the colonial bills. Rather, they simply abolished them. The colonies protested vehemently against this.

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