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Currency Act
The Currency Act or Paper Bills of Credit Act is one of several Acts of the Parliament of Great Britain that regulated paper money issued by the colonies of British America. The Acts sought to protect British merchants and creditors from being paid in depreciated colonial currency. The policy created tension between the colonies and Great Britain and was cited as a grievance by colonists early in the American Revolution. However, the consensus view among modern economic historians and economists is that the debts by colonists to British merchants were not a major cause of the Revolution. In 1995, a random survey of 178 members of the Economic History Association found that 92% of economists and 74% of historians disagreed with the statement, "The debts owed by colonists to British merchants and other private citizens constituted one of the most powerful causes leading to the Revolution." Economic climate of the colonies From their origin, the colonies struggled with the develop ...
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Act Of Parliament
Acts of Parliament, sometimes referred to as primary legislation, are texts of law passed by the Legislature, legislative body of a jurisdiction (often a parliament or council). In most countries with a parliamentary system of government, acts of parliament begin as a Bill (law), bill, which the legislature votes on. Depending on the structure of government, this text may then be subject to assent or approval from the Executive (government), executive branch. Bills A draft act of parliament is known as a Bill (proposed law), bill. In other words, a bill is a proposed law that needs to be discussed in the parliament before it can become a law. In territories with a Westminster system, most bills that have any possibility of becoming law are introduced into parliament by the government. This will usually happen following the publication of a "white paper", setting out the issues and the way in which the proposed new law is intended to deal with them. A bill may also be introduced in ...
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Inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States. Most economists agree that high levels of inflation as well as hyperinflation—which have severely disruptive effects on the real economy—are caused by persistent excessive growth in the money supply. Views on low to moderate rates of inflation are more varied. Low or moderate inflation may be attri ...
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Early American Currency
Early American currency went through several stages of development during the colonial and post-Revolutionary history of the United States. John Hull was authorized by the Massachusetts legislature to make the earliest coinage of the colony (the willow, the oak, and the pine tree shilling) in 1652. Because few coins were minted in the Thirteen Colonies, which later became the United Colonies and then the United States, foreign coins like the Spanish dollar were widely circulated. Colonial governments, at times, issued paper money to facilitate economic activities. The British Parliament passed Currency Acts in 1751, 1764, and 1773 to regulate colonial paper money. During the American Revolution, the Colonies became independent states. No longer subject to monetary regulations arbitrarily imposed by the British Parliament, the States began to issue paper money to pay for military expenses. The Continental Congress also issued paper money during the Revolution — known as Conti ...
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Richard Jellison
Richard is a male given name. It originates, via Old French, from Old Frankish and is a compound of the words descending from Proto-Germanic ''*rīk-'' 'ruler, leader, king' and ''*hardu-'' 'strong, brave, hardy', and it therefore means 'strong in rule'. Nicknames include "Richie", "Dick", "Dickon", " Dickie", "Rich", "Rick", "Rico", "Ricky", and more. Richard is a common English, German and French male name. It's also used in many more languages, particularly Germanic, such as Norwegian, Danish, Swedish, Icelandic, and Dutch, as well as other languages including Irish, Scottish, Welsh and Finnish. Richard is cognate with variants of the name in other European languages, such as the Swedish "Rickard", the Catalan "Ricard" and the Italian "Riccardo", among others (see comprehensive variant list below). People named Richard Multiple people with the same name * Richard Andersen (other) * Richard Anderson (other) * Richard Cartwright (other) * Ri ...
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Jack Greene (historian)
Jack Henry Greene (January 7, 1930 – March 14, 2013) was an American country musician. Nicknamed the "Jolly Greene Giant" due to his height and deep voice, Greene was a long time member of the Grand Ole Opry. A three-time Grammy Award nominee, Greene is best known for his 1966 hit, " There Goes My Everything". The song dominated the country music charts for nearly two months in 1967 and earned Greene "Male Vocalist of the Year", "Single of the Year", "Album of the Year" and "Song of the Year" honors from the Country Music Association. Greene had a total of five  1 country hits and three others that reached the top ten. ''Billboard'' magazine named Greene one of the Top 100 "Most Played Artists". Early life Greene was born in Maryville, Tennessee, and learned to play guitar when he was ten years old. His first involvement with the music industry came when he was still a teenager, working as a disc jockey at radio station WGAP in Maryville. By the age of 18, Greene was a ...
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Declaration And Resolves Of The First Continental Congress
The Declaration and Resolves of the First Continental Congress (also known as the Declaration of Colonial Rights, or the Declaration of Rights), was a statement adopted by the First Continental Congress on October 14, 1774, in response to the Intolerable Acts passed by the British Parliament. The Declaration outlined colonial objections to the Intolerable Acts, listed a colonial bill of rights, and provided a detailed list of grievances. It was similar to the Declaration of Rights and Grievances, passed by the Stamp Act Congress a decade earlier. The Declaration concluded with an outline of Congress's plans: to enter into a boycott of British trade (the Continental Association) until their grievances were redressed, to publish addresses to the people of Great Britain and British America, and to send a petition to the King. Background In the wake of the Boston Tea Party, the British government instated the Coercive Acts, called the Intolerable Acts in the colonies. There were fiv ...
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First Continental Congress
The First Continental Congress was a meeting of delegates from 12 of the 13 British colonies that became the United States. It met from September 5 to October 26, 1774, at Carpenters' Hall in Philadelphia, Pennsylvania, after the British Navy instituted a blockade of Boston Harbor and Parliament passed the punitive Intolerable Acts in response to the December 1773 Boston Tea Party. During the opening weeks of the Congress, the delegates conducted a spirited discussion about how the colonies could collectively respond to the British government's coercive actions, and they worked to make a common cause. As a prelude to its decisions, the Congress's first action was the adoption of the Suffolk Resolves, a measure drawn up by several counties in Massachusetts that included a declaration of grievances, called for a trade boycott of British goods, and urged each colony to set up and train its own militia. A less radical plan was then proposed to create a Union of Great Britain an ...
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Delaware
Delaware ( ) is a state in the Mid-Atlantic region of the United States, bordering Maryland to its south and west; Pennsylvania to its north; and New Jersey and the Atlantic Ocean to its east. The state takes its name from the adjacent Delaware Bay, in turn named after Thomas West, 3rd Baron De La Warr, an English nobleman and Virginia's first colonial governor. Delaware occupies the northeastern portion of the Delmarva Peninsula and some islands and territory within the Delaware River. It is the second-smallest and sixth-least populous state, but also the sixth-most densely populated. Delaware's largest city is Wilmington, while the state capital is Dover, the second-largest city in the state. The state is divided into three counties, having the lowest number of counties of any state; from north to south, they are New Castle County, Kent County, and Sussex County. While the southern two counties have historically been predominantly agricultural, New Castle is more ...
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Jack Sosin
Jack may refer to: Places * Jack, Alabama, US, an unincorporated community * Jack, Missouri, US, an unincorporated community * Jack County, Texas, a county in Texas, USA People and fictional characters * Jack (given name), a male given name, including a list of people and fictional characters with the name * Jack (surname), including a list of people with the surname * Jack (Tekken), multiple fictional characters in the fighting game series ''Tekken'' * Jack the Ripper, an unidentified British serial killer active in 1888 * Wolfman Jack (1938–1995), a stage name of American disk jockey Robert Weston Smith * New Jack, a stage name of Jerome Young (1963-2021), an American professional wrestler * Spring-heeled Jack, a creature in Victorian-era English folklore Animals and plants Fish *Carangidae generally, including: **Almaco jack **Amberjack **Bar jack **Black jack (fish) **Crevalle jack **Giant trevally or ronin jack **Jack mackerel **Leather jack **Yellow jack *Coho salmon, ...
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Quartering Act
The Quartering Acts were two or more Acts of British Parliament requiring local governments of Britain's North American colonies to provide the British soldiers with housing and food. Each of the Quartering Acts was an amendment to the Mutiny Act and required annual renewal by Parliament. They were originally intended as a response to issues that arose during the French and Indian War and soon became a source of tensions between the inhabitants of the Thirteen Colonies and the government in London. These tensions would later lead toward the American Revolution. Quartering Act 1765 General Thomas Gage, commander-in-chief of forces in British North America, and other British officers who had fought in the French and Indian War (including Major James Robertson), had found it hard to persuade colonial assemblies to pay for quartering and provisioning of troops on the march. Therefore, he asked Parliament to do something. Most colonies had supplied provisions during the war, but t ...
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Province Of New York
The Province of New York (1664–1776) was a British proprietary colony and later royal colony on the northeast coast of North America. As one of the Middle Colonies, New York achieved independence and worked with the others to found the United States. In 1664, the Dutch Province of New Netherland in America was awarded by Charles II of England to his brother James, Duke of York. James raised a fleet to take it from the Dutch and the Governor surrendered to the English fleet without recognition from the Dutch West Indies Company that had authority over it. The province was renamed for the Duke of York, as its proprietor. England seized ''de facto'' control of the colony from the Dutch in 1664, and was given ''de jure'' sovereign control in 1667 in the Treaty of Breda and again in the Treaty of Westminster (1674). It was not until 1674 that English common law was applied in the colony. The colony was one of the Middle Colonies, and ruled at first directly from England. Wh ...
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French And Indian War
The French and Indian War (1754–1763) was a theater of the Seven Years' War, which pitted the North American colonies of the British Empire against those of the French, each side being supported by various Native American tribes. At the start of the war, the French colonies had a population of roughly 60,000 settlers, compared with 2 million in the British colonies. The outnumbered French particularly depended on their native allies. Two years into the French and Indian War, in 1756, Great Britain declared war on France, beginning the worldwide Seven Years' War. Many view the French and Indian War as being merely the American theater of this conflict; however, in the United States the French and Indian War is viewed as a singular conflict which was not associated with any European war. French Canadians call it the ('War of the Conquest').: 1756–1763 The British colonists were supported at various times by the Iroquois, Catawba, and Cherokee tribes, and the French ...
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