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
Oldest town in Britain fact that it never was an Iron Age or Romano-British town, but at its core was and is the oldest still continuing town to have been established and developed by the English. It has an unbroken history of community as a town since early Anglo-Saxon times. In this claim, During the Migration age Germanic customs, the roots of the English language and the distinctive industrial arts and construction techniques of the northern continent were transplanted into eastern Britain. Industrial activity ceased to follow Roman models of organized provincial distribution, but (in the absence of a money currency) reflected more localized