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 profession (phrase) called “the oldest profession in the world", a profession which is carried on in Piccadilly, Regent street, and other parts of London with great energy every night … In the same year the "Pall Mall Gazette" reported a speech in which "Mrs. Ormiston Chant … implored us to stand shoulder to shoulder and destroy what Kipling has called 'the oldest profession in the world'". The phrase was frequently used as a euphemism when delicacy forbade direct reference to prostitution. Kipling was not the first to employ the phrase "the most ancient profession" in an opprobrious sense. The Irish poet Henry