b) The Currency Act of 1764

The Currency Act of 1764, passed by the British Parliament, was designed to control the colonial economy by restricting the use of paper money in the American colonies. This act sought to stabilize the often fluctuating and depreciating colonial currency, which British merchants and creditors saw as unreliable. By prohibiting the issuance of paper money as legal tender, the act tightened British economic control and aggravated the existing financial difficulties of the colonies. This legislation fueled colonial resentment towards British interference in local affairs, contributing to the growing tensions that eventually led to the American Revolution.