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Why Is The Currency Act Threatened To Destabilize The Economy

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Why Is The Currency Act Threatened To Destabilize The Economy
Parliament passed the Currency Act of 1764 which terminated the making of paper money for the colonies. Colonist were subjected to only use gold and silver. But there wasn’t any gold or silver mines in America which caused a shortage of currency. So the only way the colonist could obtain gold and silver is to trade with England. This was only to ensure a profit for themselves. The Currency Act threatened to destabilize the colonial economy. Another act passed by Parliament that helped destabilize the economy was the Mutiny Act of 1765. The Mutiny Act restricted some of the manufacturing in the colonies, making some of the colonist lose their jobs and forcing America to trade with England. “One of the most essential branches of English liberty
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