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The Molasses Act 1733 (6 Geo. 2. c. 13), also known as the Trade of Sugar Colonies Act 1732, was an act of the Parliament of Great Britain that imposed a tax of six pence per gallon on imports of molasses from non-British colonies. Parliament created the act largely at the insistence of large plantation owners in the British West Indies.
The Molasses Act 1733 imposed a fee of six pence per gallon on foreign molasses. [5] This act was meant to force the colonies into buying molasses from the British or stop producing rum in North America. Many, however, say that the Molasses Act was put in place to destroy New England’s rum industry.
[citation needed] CED was first formed to help the U.S. economy transition from a wartime to peacetime economy. [2] At the end of World War II, CED worked to garner support among the American business community for the Marshall Plan. [2] [3] In January 2015, the Committee for Economic Development merged with The Conference Board.
The AP U.S. History course is designed to provide the same level of content and instruction that students would face in a freshman-level college survey class. It generally uses a college-level textbook as the foundation for the course and covers nine periods of U.S. history, spanning from the pre-Columbian era to the present day. The percentage ...
17 May – the Molasses Act becomes law: intended to regulate the colonial molasses trade in favour of the British West Indies, it causes resentment in British North America. [5] [6] 26 May – John Kay patents the flying shuttle. [2] 7 November – France and Spain sign the treaty of Escurial and form an alliance against Britain. [2]
The earlier Molasses Act 1733, a tax on shipments from the West Indies, had produced hardly any revenue because it was widely bypassed by smuggling, which was seen as a victimless crime. Not only was there little social stigma attached to smuggling in the colonies, but in port cities where trade was the primary generator of wealth, smuggling ...
Long title: An act for granting certain duties in the British colonies and plantations in Africa, for continuing, amending, and making perpetual, an act in the sixth year of the reign of his late majesty King George the Second, (initituled, An act for the better securing and encouraging the trade of his Majesty's sugar colonies in America) for applying the produce of such duties, and of the ...
AP World History: Modern was designed to help students develop a greater understanding of the evolution of global processes and contacts as well as interactions between different human societies. The course advances understanding through a combination of selective factual knowledge and appropriate analytical skills.