Showing posts with label 1666 - FREE COINAGE LAW PASSED. Show all posts
Showing posts with label 1666 - FREE COINAGE LAW PASSED. Show all posts
Tuesday, March 26, 2013
DECEMBER 20, 1666 - FREE COINAGE LAW PASSED, ENGLAND
1666 - FREE COINAGE LAW PASSED, ENGLAND
Charles II placed control of the nation’s money supply in private (bankers) hands following passage of this act. Up until that time, the Sovereign (King, Queen, etc.) had exclusive power over the issuance of money creation.
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