Currency Act than what was taxed out of circulation, the currency depreciated in relation to the British pound sterling. The resultant inflation was harmful to merchants in Great Britain, who were forced to accept the depreciated currency from colonists for payment of debts. The Act limited the future issue of bills of credit to certain circumstances. It allowed the existing bills to be used as legal tender for public debts (i.e. paying taxes), but disallowed their use for private debts (e.g. for paying merchants). The Currency Act 1764 (4 Geo. III c. 34) extended the 1751 Act to all of the British
What Is the Fastest Thing in the World? of which was good and some bad. The king set riddles to them: whoever guessed the riddles would get good land. The first riddle was what was the fastest thing in the world. The stupid brother's daughter told him what to say; his brother guessed a bird or a horse, and the stupid brother said the mind. The second riddle was what was the heaviest thing in the world; the clever brother guessed stone or iron, and the stupid brother repeated his daughter's answer: fire because no one could lift it. The third was what was the most important thing