It failed because the people who were indentured servants eventually ended their servitude and left to build their own families and farms. They were also more rebellious then the Africans who were imported from Africa. It wasn't worth it to take Europeans when Africans were better workers.
Bills and coins that a country actually circulates is called circulation currency. This is money that is used to conduct transactions between consumers and businesses for goods and services. Money that is kept in a bank and in long term investments are not a part of circulation currency because it cannot directly be used for day to day transactions.
<span>Many Americans viewed all of this as a blatant abuse of power by the British government. Once again a call went out for a colonial congress to sort out a response. On September 5, 1774 delegates appointed by the colonies met in Philadelphia for the First Continental Congress. Drawing upon the successful manner in which previous acts had been overturned the first thing Congress did was to organize a comprehensive embargo of trade with Britain. It then conveyed to the British government a list of grievances that demanded the repeal of thirteen acts of Parliament. All of the acts listed had been passed after 1763 as the delegates had agreed not to question British policies made prior to the conclusion of the Seven Years War. Despite all the problems it had created, the Tea Act was not on the list. The reason for this was that Congress decided not to protest British regulation of colonial trade under the Navigation Acts. In short, the delegates were saying to Parliament take us back to 1763 and all will be well.
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Yea and raced crazy world we live in