1763
England
Franklin was called before the Parliament in London and asked how he could account for the prosperity in the colonies.
"That is simple. In the colonies, we issue our own paper money. It is called 'Colonial Script'. We issue it in proper proportion to make the goods pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control it's purchasing power and we have no interest to pay to no one." — Benjamin Franklin
1764
England
England passed a law making it illegal for the colonies to issue their own currency. It was called the "Currency Act of 1764". This caused a great depression in America.
"In one year, the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed." — Benjamin Franklin