In 1763, the British government emerged from the Seven Years' War burdened by heavy debts. ... 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.
Farmers faced Native American raids, poor growing conditions, droughts, disease, insects, and anything that would give farmers a hard time now. Farmers had to pay higher prices for transportation which caused less profit - crops prices fell which also caused less profit. The government issued greenbacks then retired them, causing an increase in the value of money in the circulation.
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Bayard Rustin was a civil rights organizer and activist, best known for his work as adviser to Martin Luther King Jr. in the 1950s and '60s.
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