Silver British
September 5th, 2010
Why did the British government want to ban colonies from printing paper money?
Why did the British government want to ban colonies from printing paper money?
I know the paper money wasn’t gold or silver as the British taxes wanted so the British banned paper money. Paper money had no value in their opinion. But I still don’t get why?
rohak121 is indeed correct. If colonies were allowed to print money without controls, then it leads to further currency debasement, inflation and this was at a time when currencies were mantaded to be backed by either a bi-metallic standard (until 1815) and a mono-metallic Gold Standard after 1815.
Silver British Shorthair