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Molasses was important in triangular trade. In the triangular trade, slave traders from New England would bring rum to Africa, and in return, they would purchase enslaved Africans. The enslaved cargo was then brought to the West Indies and sold to sugarcane plantations to harvest the sugar for molasses. Molasses was then brought from the West ...
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.
Molasses (/ m ə ˈ l æ s ɪ z, m oʊ-/) [1] is a viscous byproduct, principally obtained from the refining of sugarcane or sugar beet juice into sugar. Molasses varies in the amount of sugar, the method of extraction and age of the plant. Sugarcane molasses is usually used to sweeten and flavour foods. Molasses is a major constituent of fine ...
A classic example is the colonial molasses trade. Merchants purchased raw sugar (often in its liquid form, molasses) from plantations in the Caribbean and shipped it to New England and Europe, where it was sold to distillery companies that produced rum. Merchant capitalists used cash from the sale of sugar to purchase rum, furs, and lumber in ...
The West India Interest lobbied on behalf of the Caribbean sugar trade in Britain during the late eighteenth century. [1]Beginning in the 17th century, Caribbean colonies appointed paid lobbyists, who were called colonial agents, to act on behalf of the legislatures in the colonies.
Why is the whole economy acting like it's drenched in. All economic measures are moving at a snail's pace. Employment is improving, but only slowly. Housing is also recovering -- slowly. And ...
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Although the sugar trade in the Americas was initially dominated by the Portuguese Empire, [7] the Dutch–Portuguese War would cause a shift which would have knock-on effects for the further growth of the sugar trade in the Caribbean and particularly the production of rum (made from sugar cane juice). [8]