When was alchemy banned?

The implementation of this law marked a significant milestone in the regulation of financial transactions and the safeguarding of economic stability. It underscored the importance of maintaining the integrity of precious metals as a store of value and a medium of exchange.

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In the early 15th century, England's King Henry IV took a decisive step to curb fraudulent practices in the realm of finance and metallurgy. On January 13, 1404, he enacted a groundbreaking law that aimed to protect the value and scarcity of precious metals.

The Act Against Multiplication, as it was officially designated, was a bold move aimed at stamping out a nefarious practice known as "multiplication." This term, in the context of alchemy, referred to the illusory art of transforming a limited amount of a substance, particularly gold or silver, into a greater quantity.

The act's primary target was those who sought to artificially inflate the supply of these valuable metals, thereby undermining their inherent worth and destabilizing the economy. By declaring such acts a felony, King Henry IV sent a clear message that such deceitful endeavors would not be tolerated.