The Sugar act got created in 1764. It lowered the tax on molasses. It listed foreign goods to be taxed comprised of sugar, certain wines and coffee, pimento. “the Molasses Act colonial merchants (people who traded and owned shops in the colonies) were required to pay a tax of six-pence per gallon on the importation of foreign molasses.”
The Molasses Act of 1733 came from the parliament of great Britain was something that taxed the citizens of the colonies 6 pence every time a gallon of molasses was shipped. This act was imposed to make trades with the french cheaper. This act vitally impacted the global mass trade. The Molasses was used to make rum in New England, this made it much more valuable than anything the colonies had to offer, may it be fish or anything else. Since they had the molasses the British west Indies were considered the most valuable trade partners out there.
Also, two major acts were put in place, called the Sugar Act and the Stamp Act. The Stamp act actually cut the taxes from the Molasses act, in half, to three cents per gallon. It also differed from the Molasses act, because it included new safeguards to ensure that it would actually be enforced. For merchants, this really meant a change from no tax to a three cents tax. The Stamp act, was a direct British tax on a wide variety of printed materials
The Sugar Act started in 1764, it was passed by the British Parliament of Great Britain. The original name of the Sugar Act is the American Revenue Act. It was proposed by Prime Minister George Grenville. The main reason they started they act was to get back some of the military charges for protecting and defending the colonies. Also, It was a way for England to use control over the colonies.
This resulted in larger taxes on the colonists, as well as laws to force them to pay the new taxes. One of the first laws was the Currency Act of 1764 to make sure colonists would not pay in paper money, as it was not actual currency to them. The Sugar Act renewed an old law that states that sugar and rum from anyone except Britain would have a tax. The difference between the old law and the new one was that the new one was reinforced, and the tax on the sugar was lower. This tax was fueled by the Sugar Interest.
In 1733, the English parliament passed the Molasses Act in order to promote profit for England. The act set a tax of six pence per gallon of any molasses that was imported by a foreign (non-English) power. This act, the predecessor of the sugar act, was weakly enforced and the colonists. Thus allowing molasses to be imported by bribes or smugglers.
This law was put into place because the colonist were buy of merchants so they did have to pay the high taxes on molasses. Which back fired on them because the British lower the tax on molasses because Lord “Grenvile took measures that the duty be strictly enforced. The act also listed more foreign good to be taxed including sugar, wine, coffee, cambric, and lumber”(U.S History). This drove the some of the colonist crazy because now they were being taxes on more things that they had to buy in order to survive in the new world. Once this law got put into place into place it slowed down the economy of the new world.
The Sugar Interest already hiked up the price of sugar for the colonists, and that led to many acts being placed on the colonists which caused complications. First came the Currency Act of 1764. This was practically reinforcing the Currency Act of 1751 because Parliament was scared of the colonists bonding together. This act was created just for the New England colonies, and it really made money have no value as England prohibited the colonists from issuing new bills or reissuing new currency. Soon the Sugar Act was enforced also after already having been in existence for a while.
What Drove the Sugar Trade? The sugar trade began in 1655 and became a big deal to Britain. Wealthy men would buy property, produce sugar, and sell it to their home country for a low price. (Document 7) Sugar was a product that could be bought and sold easily, since it was in high demand.
Parliament had passed the Sugar Act and Currency Act the foregoing year. Because tax was collected at ports though, it was simply evaded. Indirect taxes such as these were also much less clear to the consumer
The main reason that drove the sugar trade was money to help their country. In Document three, it shows the people of London wanting more and more sugar. It’s almost as if the people can’t control their urge to have it, like a drug. Sugar was used to compliment things as well, which helped them to get more money.
“Dutch traders decided to transport sugar […] molasses, and rum to Europe and helped [other] planters improve methods of growing and processing sugar cane” (Gillon,
What is the sugar trade? Well the sugar trade is when Christopher Columbus brought it with him across the Atlantic in 1495. Then in the 1500’s the Portuguese led the new world sugar production. Well the major reason for the sugar trade is Columbus. The second reason for sugar trade was the condition that was used to make sugar cane.
The plantations previously constructed by the Spaniards produced an abundant amount of coffee and sugar that was exporting to Europe. They produced 60% of Europe 's sugar and 40% of its coffee which allowed St. Domingue to become one of the wealthiest colonies in the world. Essentially homing more slaves than any other segregated county an exception to
Imports of lead, glass, paper, paint, and tea were taxed; the British government wanted the colonists to pay so they created punishments for colonists who
Britain needed a way to fix this. They came up with the Sugar Act, a set of taxes to help Britain raise money. Taxes were not a new thing for the colonists, but these new taxes caused big issues. The Sugar Act was suggested by Prime Minister George Greenville.