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
Great Fire of 1660 were forbidden from bidding on the properties. Turhan Sultan sponsored the construction of the New Mosque. It opened in 1665 and Vani Mehmet Efendi became its first preacher. After a time, Christians were allowed to buy back the land where churches had stood and rebuild them. The rebuilt churches were officially listed as residential buildings. Great Fire of 1660 Two thirds of Istanbul was destroyed in the Great Fire of 1660. The chronicler Abdi Paşa estimated that the fire destroyed 280,000 houses and burned for approximately forty-nine hours. During the reconstruction of the city, the Ottomans enacted unprecedented policies concerning