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
Monarch If a young child is crowned the monarch, a regent is often appointed to govern until the monarch reaches the requisite adult age to rule. Monarchs' actual powers vary from one monarchy to another and in different eras; on one extreme, they may be autocrats (absolute monarchy) wielding genuine sovereignty; on the other they may be ceremonial heads of state who exercise little or no direct power or only reserve powers, with actual authority vested in a parliament or other body (constitutional monarchy). A monarch can reign in multiple monarchies simultaneously. For example, the monarchy of Canada and the monarchy