As a result, the 1764 Currency Act was signed. The Act forbade colonies from issuing paper currency. The colonists found it extremely difficult paying their debts and taxes.
After the Currency Act had been passed, the then British Prime Minister proposed a stamp tax that obligated colonists to purchase government issued stamps for legal documents and other paper goods. When the bill was brought before the floor of the house it sailed through. The Parliament therefore had a duty to tax the colonies. The Stamp Act did not go down well with the colonies. In fact, the Virginia House of Burgesses passed a resolution that sought to deny the British Parliament the authority to tax the British colonies. Rioters visited destruction on the house of stamp distributer in Boston. There were protests all over America.
The Stamp Act acted as a common cause that united at least 13 colonies against British Parliament. The protests culminated into 9 colonies presenting their petitions to the British...
Americans then sought to boycott British goods. This compelled the British merchants to lobby for the Act's repeal. Bowing to pressure from the merchants and the American colonists, the British government finally repealed the Stamp Act. This muted, albeit temporarily, the protests that was ongoing. There was renewed resistance when the Townshend Acts were mooted in 1767 (Department of State Office of the Historian, 2012). When East India Company was granted a monopoly by the British Parliament, there were vocal widespread protests to the consternation of the authorities.
References
Age, M. (2010). From Revolution to Reconstruction. Retrieved September 12, 2012 from http://www.let.rug.nl/usa/E/7yearswar/fiw03.htm
Department of State Office of the Historian. (2012). Milestones 1750-1775. Retrieved September 12, 2012 from http://history.state.gov/milestones/1750-1775/ParliamentaryTaxation
