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
Monarchy of the United Kingdom English throne as James I, both the English and Scottish kingdoms were ruled by a single sovereign. From 1649 to 1660, the tradition of monarchy was broken by the republican Commonwealth of England, which followed the Wars of the Three Kingdoms. The Act of Settlement 1701 excluded Roman Catholics, or those who married Catholics, from succession to the English throne. In 1707, the kingdoms of England and Scotland were merged to create the Kingdom of Great Britain, and in 1801, the Kingdom of Ireland joined to create the United Kingdom of Great Britain and Ireland. The British monarch became nominal