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The colonial molasses trade occurred throughout the seventeenth, eighteenth and nineteenth centuries in the European colonies in the Americas. Molasses was a major trading product in the Americas, being produced by enslaved Africans on sugar plantations on European colonies.
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 varies in the amount of sugar, the method of extraction, and the age of the plant. Sugarcane molasses is usually used to sweeten and flavour foods. Molasses is a major constituent of fine commercial brown sugar. [2] Molasses is rich in vitamins and minerals, including vitamin B6, iron, calcium, magnesium, and potassium. There are ...
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 ...
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 ...
The United States economy was mostly agricultural with increasingly industry throughout the first third of the 19th century. Most people lived on farms and produced much of what they consumed. A considerable percentage of the non-farm population was engaged in handling goods for export. The country was an exporter of agricultural products.
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