Colonial America

1776: The Causes and Costs of the Revolutionary War:

According to Benjamin Franklin, the Currency Act of 1764 was the major cause of the war with Britain & the Monarchy of George III, as it forbade all financial transactions not made with British Crown Currency, destroying a very dynamic and productive economy built upon local bills of credit and local currencies. An Act that turned the Colonies from prosperity to poverty in just a few years, creating enormous unrest and dissatisfaction.