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Chemistry, 27.10.2020 16:50 anahitah

The act prohibited the issue of any new bills and the reissue of existing currency. Parliament favored a "hard currency" system based on the pound sterling, but was not inclined to regulate the colonial bills. Rather, they simply abolished them. The colonies protested vehemently against this.

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The act prohibited the issue of any new bills and the reissue of existing currency. Parliament favor...

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