Currency Act

The Currency Act was a British law enacted in the 1760s and 1770s that restricted the American colonies from issuing their own paper money. Its main goal was to control the colonies' currency to prevent counterfeiting and protect British economic interests. Colonists could only use British currency or coins minted by Britain, limiting their ability to create their own money for local trade and government. This restriction caused frustration and contributed to tensions between the colonies and Britain, as it hindered economic independence and self-governance.