Trending

What was the result of the Sugar Act?

What was the result of the Sugar Act?

Strict enforcement of the Sugar Act successfully reduced smuggling, but it greatly disrupted the economy of the American colonies by increasing the cost of many imported items, and reducing exports to non-British markets.

What was the main goal s of the Sugar Act?

The Sugar Act was proposed by Prime Minister George Grenville. The goal of the act was to raise revenue to help defray the military costs of protecting the American colonies at a time when Great Britain’s economy was saddled with the huge national debt accumulated during the French and Indian War (aka Seven Years War).

What was the purpose of the Currency Act of 1764?

Another economic measure passed by Parliament which affected the colonies was the Currency Act of 1764 which prohibited the American colonies from giving bills of credit the same status as legal tender. Bills of credit was a local solution to the lack of silver and gold coin in the colonies.

What is the Sugar Act of 1765?

The American Revenue Act of 1764, so called Sugar Act, was a law that attempted to curb the smuggling of sugar and molasses in the colonies by reducing the previous tax rate and enforcing the collection of duties.

What was the purpose of the Sugar Act of 1764?

It was introduced by the new British Prime Minister, George Grenville. The 1764 Sugar Act amended the existing 1733 Sugar and Molasses Act. The goal of this law was threefold.

What was the purpose of the Stamp Act of 1765?

The following year most colonial residents would agree that the proposed Stamp Act of 1765 violated their colonial rights of “No taxation without representation”. The purpose of this act was to protect its sugar plantations from the more fertile lands of the French and Spanish colonies in the West Indies.

What was the American Revenue Act of 1764?

The American Revenue Act of 1764, so called Sugar Act, was a law that attempted to curb the smuggling of sugar and molasses in the colonies by reducing the previous tax rate and enforcing the collection of duties.

How did the Sugar Act affect molasses smuggling?

The bribe to customs officials per gallon of smuggled molasses was 1.5p. The new Sugar Act lowered the duty to 3p per gallon. The British wrongly assumed that Americans would be willing to accept the newly reduced tax. The smuggling continued until 1766 when the tax was lowered to one pence, making it cheaper to legally pay the tax than to smuggle.

Share this post