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
Unionism in Scotland a personal union from 1603, when King James VI of Scotland also became King James I of England and Ireland, resulting in the "Union of the Crowns". A political union between the Kingdoms of Scotland, England and Ireland was temporarily formed when the crowns were overthrown as a result of the English Civil War, with Oliver Cromwell ruling over the whole of Great Britain and Ireland as Lord Protector. This period was known as the Protectorate, or to monarchists as the interregnum. The monarchies were subsequently restored in 1660, with Scotland reverting to an independent kingdom sharing the same monarch