Answer:
The result was that the British Parliament passed the 1764 Currency Act which forbade the colonies from issuing paper currency. This made it even more difficult for colonists to pay their debts and taxes. Soon after Parliament passed the Currency Act, Prime Minister Grenville proposed a Stamp Tax.
Through much of the nineteenth century, Great Britain avoided the kind of social upheaval that intermittently plagued the Continent between 1815 and 1870. Supporters of Britain claimed that this success derived from a tradition of vibrant parliamentary democracy. While this claim holds some truth, the Great Reform Bill of 1832, the landmark legislation that began extending the franchise to more Englishmen, still left the vote to only twenty percent of the male population. A second reform bill passed in 1867 vertically expanded voting rights, but power remained in the hands of a minority--property-owning elites with a common background, a common education, and an essentially common outlook on domestic and foreign policy. The pace of reform in England outdistanced that of the rest of Europe, but for all that remained slow. Though the Liberals and Conservatives did advance different philosophy on the economy and government in its most basic sense, the common brotherhood on all representatives in parliament assured a relatively stable policy-making history.
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