The American Revolution The American Revolution  The American
Revolution Timeline  How It All Went Down group rates for
schools and districts  Paper Money Prohibited  Parliament
prohibits New England from issuing paper currency as legal
tender. This imposes a hardship on the colonists of the region,
many of whom are engaged in the trading economy and who find
hard currency increasingly scarce (because they keep sending it
to England in order to pay debts).   Albany Plan on Union
Benjamin Franklin drafts the Albany Plan of Union at the
outbreak of the Seven Years' War (a.k.a. the French and Indian
War). The Plan seeks to create a Grand Council of delegates from
each colony to levy taxes and provide for the common defense.
The colonial assemblies reject Franklin's idea, since the Grand
Council would clearly curtail their own powers.  Feb 1763
French and Indian War Ends  England signs a peace treaty—the
Peace of Paris—with France, ending the Seven Years' War (known
in North America as the French and Indian War