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
Treaty of Copenhagen (1660) had already agreed with England that preventing the western and eastern shore of Øresund from being controlled by the same country would in turn prevent future raises of the Øresund toll, which would cause disruption in the Dutch and English Baltic trade. In addition, Cardinal Mazarin threatened a French invasion of the Netherlands if it were to assist Denmark against Sweden. When learning of Charles' death in February 1660, Frederick immediately proclaimed the Treaty of Roskilde null and void. This caused great alarm to the Swedish mediators, but their French and English counterparts assured them that if Sweden were to