What Did The Colonies Pay In Taxes?

[BmorePat87]

There was British currency and the colonies printed their own paper currency. Like in the US before the standardization of currency, different entities printing their own currency meant the value was not always what was stated on the bill. While one bill might say it was worth so many shillings, private entities did not always accept it as being worth that. Value decreased when we went further away from the colony that issued it, so someone in England wouldn't want to be paid with a colonial note. This meant Parliament had to then address the issue and start putting rules on how currency could be printed in the colonies.

There were limits on what could be paid for with colonial bills and some taxes required coins. For the most part, the money stayed in the colonies and was a way to prevent the British from directly paying the cost of keeping troops in the colonies following the French Indian War.