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The first of the Townshend Acts, sometimes simply known as the Townshend Act, was the Revenue Act 1767 (7 Geo 3 c 46). [d] [43] [44] This act represented the Chatham ministry's new approach to generating tax revenue in the American colonies after the repeal of the Stamp Act in 1766.
After the Stamp Act was repealed in 1766, [1] the British Parliament imposed the Townshend Acts in 1767 as another way of generating revenue. The acts placed an import duty on glass, paint, paper, lead, and tea as well as establishing an American Board of Customs. [2] In response, the Massachusetts General Court issued a circular letter. (A ...
The act reinvigorated dissent. [3] In March 1770, British troops fired on an angry mob of colonists in what became known as the Boston Massacre. [3] During the same month, many of the taxes from the Townshend Acts were repealed. An exception was the tax on tea. [11]
Most of the taxes in the Townshend Acts were repealed in 1770 by the Ministry of Lord North. The passage of the Tea Act 1773 in May 1773, which enforced the remaining taxes on tea, led to the Boston Tea Party on December 16, 1773. Parliament considered this an illegal act because they believed it undermined the authority of the Crown-in-Parliament.
The main task of the Daughters of Liberty was to protest the Stamp Act and Townshend Acts through aiding the Sons of Liberty in boycotts and support movements prior to the outbreak of the Revolutionary War. The Daughters of Liberty participated in spinning bees, helping to produce homespun cloth for colonists to wear instead of British textiles ...
After the crisis, a dramatic rise in the number of bankruptcies was observed. The average number of bankruptcies in London from 1764 to 1771 was 310, but the number rose to 484 in 1772 and 556 in 1773. [1] Banks that were deeply involved in speculation endured hard times during the crisis.
During the 1760s, relations between Great Britain and some of its North American colonies became strained by a series of parliamentary laws, including the 1765 Stamp Act and the 1767 Townshend Acts, which were intended to raise revenue for the crown and to assert the British Parliament's authority to pass such legislation despite the lack of colonial representation. [1]
In the preamble of the Virginia Association resolutions, it was declared that the "Townshend Acts were unconstitutional and destructive to the cause of liberty." [4] The preamble also emphasized the hard times faced by Virginian plantation owners. As part of the agreement, colonists were prohibited from purchasing, after September 1, 1769, any ...