Usury Act 1660 Usury Act 1660 The Usury Act 1660 is an Act of the Parliament of England (12 Car. II. c. 13) with the long title "An Act for restraining the taking of Excessive Usury". The purpose of the Act was to reduce the interest rate from 8% to 6%. The legislation had been enacted in 1651 under the Commonwealth, but this Act was passed to confer legality on the measure following the Restoration of Charles II after the English Civil War. It was amended by the Usury Act 1840 (3&4 Vict, c.83), the Usury Act 1841 (4&5 Vict, c.54), the Usury
Interregnum (1649–1660) favour the Protestors giving them control over the universities. The country was relatively highly taxed, but gained access to English markets. The era was remembered as one of prosperity, but not everywhere benefitted from economic expansion. There was an attempt to create national symbols with the revival of the union flag and unite coin. After the death of the Lord Protector Oliver Cromwell and the fall of his son Richard's regime, General George Monck, the military governor of Scotland, marched the English army in Scotland south and facilitated a Restoration of the monarchy in June 1660. Interregnum (1649–1660) The "interregnum"