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
English Revolution of significant social change contained within the period, but also ignores the long-term trends of the early modern period which extend beyond this narrow time-frame. English Revolution "English Revolution" has been used to describe two different events in English history. The first to be so called—by Whig historians—was the Glorious Revolution of 1688, whereby James II was replaced by William III and Mary II as monarch and a constitutional monarchy was established. In the twentieth century, however, Marxist historians introduced the use of the term "English Revolution" to describe the period of the English Civil Wars and Commonwealth period (1640–1660),