Why Is The Currency Act Threatened To Destabilize The Economy
Parliament passed the Currency Act of 1764 which terminated the making of paper money for the colonies. Colonist were subjected to only use gold and silver. But there wasn’t any gold or silver mines in America which caused a shortage of currency. So the only way the colonist could obtain gold and silver is to trade with England. This was only to ensure a profit for themselves. The Currency Act threatened to destabilize the colonial economy. Another act passed by Parliament that helped destabilize the economy was the Mutiny Act of 1765. The Mutiny Act restricted some of the manufacturing in the colonies, making some of the colonist lose their jobs and forcing America to trade with England. “One of the most essential branches of English liberty
is the freedom of one’s house,” James Otis said when Parliament created the Quartering Act in 1765. The Quartering Act stated that the colonist had to house and feed the British soldiers. But when the soldiers were off duty they would take jobs from the colonist such as at ship yards.
www.shmoop.com/american-revolution/quotes.html alphahistory.com/americanrevolution/American-revolution-quotations/ “Acts which strike at the very root of our constitution, by the taking our property without consent, and depriving us of the liberty of giving to our sovereign.” Robert Chaffin on the Townshend duties
“Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin, 1789
“The Stamp Act imposed on the colonies by the Parliament of Great Britain is an ill-judged measure. Parliament has no right to put its hands into our pockets without our consent.” George Washington, 1765
“Our properties within our own territories [should not] be taxed or regulated by any power on earth but our own,” Thomas Jefferson stated about the many tax acts that Parliament established without any consent from the thirteen colonies.
is the freedom of one’s house,” James Otis said when Parliament created the Quartering Act in 1765. The Quartering Act stated that the colonist had to house and feed the British soldiers. But when the soldiers were off duty they would take jobs from the colonist such as at ship yards.
www.shmoop.com/american-revolution/quotes.html alphahistory.com/americanrevolution/American-revolution-quotations/ “Acts which strike at the very root of our constitution, by the taking our property without consent, and depriving us of the liberty of giving to our sovereign.” Robert Chaffin on the Townshend duties
“Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin, 1789
“The Stamp Act imposed on the colonies by the Parliament of Great Britain is an ill-judged measure. Parliament has no right to put its hands into our pockets without our consent.” George Washington, 1765
“Our properties within our own territories [should not] be taxed or regulated by any power on earth but our own,” Thomas Jefferson stated about the many tax acts that Parliament established without any consent from the thirteen colonies.