Colonial America - Land of the Brave
Definition of the Currency Act of 1764
The Meaning and Definition of the Currency Act: The Currency Act of 1764 was a British Law, passed by the Parliament of Great Britain on September 1, 1764, that was designed to control the colonial currency system.
The act prohibited the issue of any new 'Bills of Credit' and the re-issue of existing currency by the American colonists in the 13 Colonies. The Currency Act is the name of several acts of Parliament that regulated paper money issued by the colonies of America.