mar 1, 1733 - The Molasses Act of March 1733
Description:
was an Act of the Parliament of Great Britain (citation 6 Geo II. c. 13), which imposed a tax of six pence per gallon on imports of molasses from non-English colonies. Parliament created the act largely at the insistence of large plantation owners in the British West Indies. The Act was not passed for the purpose of raising revenue, but rather to regulate trade by making British products cheaper than those from the French West Indies. The Molasses Act greatly affected the significant colonial molasses trade.
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