1764The British imposed the Sugar Act.Events & Anniversaries, Economy and Industry, Economy, National Events

The British, who were in debt from the Seven Years’ War, tried to raise revenue from the colonies by taxing foreign trade. The Molasses Act of 1733 had been ineffective, due to smuggling and corruption of customs officials. This new act cut the duty on foreign molasses from 6 to 3 pence per gallon, retained a high duty on foreign refined sugar, and prohibited the importation of all foreign rum. This part of the act affected New England, where distilling sugar and molasses into rum was a major industry. The Sugar Act also taxed numerous other products, including wine, coffee, and textiles, and banned the direct shipment of several important commodities such as lumber to Europe, upsetting the balance of trade. The West Indies trade was especially affected, since it was the biggest market for the lesser fish stock, and trade was strictly done in sugar and molasses as required by the French.

Garland, Joseph E. Guns off Gloucester. 1st ed, Essex County Newspapers, 1975. Britain Begins Taxing the Colonies: The Sugar & Stamp Acts (U.S. National Park Service). https://www.nps.gov/articles/000/sugar-and-stamp-acts.htm.
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