Colonial Economic Act Summary

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Pages: 2

Summary
On April 5, 1764, this act caused taxes on imports of sugar, coffee, and other goods entering the ports of the American colonies and was created and designed by England to raise funds to recover the French and Indian War damage. This meant that all colonial merchants were required to pay a tax of six percent of a total gallon to import foreign molasses. It started by, getting harder to load and unload cargo for merchant ships,which was intended to make smuggling more difficult. Then, there was a tax on foreign goods.This situation disrupted the colonial economy as it reduced the markets to which the colonies could sell sugar, and the amount of currency available to them for the purchase of British manufactured goods Leading to the cut

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