Preview

The Influence Of The Currency Act

Satisfactory Essays
Open Document
Open Document
331 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Influence Of The Currency Act
The British parliament came up with multiple acts to attempt to strengthen control over the colonies. This eventually led to the colonies revolting and gaining freedom from the British power.

The first act that parliament enforced was known as the Sugar Act. The Sugar Act cut the taxes of molasses and multiple other products. This tax on molasses affected the New England colonies because they would distill the molasses to make rum. This distilling process was bringing in good amounts of money to the colonies. The Sugar Act was supposed to cut down the temptation for smuggled good and this was supposed to help pay for the soldiers staying in America to protect the colonist.

The next act was known as the Currency Act. The Currency
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Sugar Act Dbq
    • 174 Words
    • 1 Page

    Sugar Act Dbq

    The Sugar Act, also known as The American Revenue Act, was passed by Great Britain’s Parliament on April 5, 1764. The Sugar Act involved taxing imported items like sugar, molasse, wine, coffee, etc. that were delivered to the colonies. The Sugar Act basically replaced the Molasse Act (1763), which was just having to pay taxes when buying molasse, but just added more items to the “taxed list”. Parliament used the tax money to help pay the debt of the French and Indian War. The act caused many financial problems with the lower class colonists and even led some to protest the act. About 50 merchants decided to join up to boycotted certain taxed items and grow/make the items themselves. The following year it was eventually repealed due to the colonist’s…

    • 174 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Summary: The 13 Colonies Economic Troubles
    • 513 Words
    • 3 Pages

    Summary: The 13 Colonies Economic Troubles

    parliament thought that they had the right to tax the American colonies. “The Sugar Act was an extension of the Molasses Act (1733), which was set to expire in 1763”. In 1756-1763 Great Britain had a 7 year war with France and after the war ended Great Britain had high war debts so they started taxing the colonies. The American colonies got upset about the extremely high taxes so they revolted against Great Britain.…

    • 513 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    How Did The British Tax Policies Of The French And Indian War
    • 976 Words
    • 4 Pages

    How Did The British Tax Policies Of The French And Indian War

    Sugar Act – The Parliament of Great Britain passed the sugar act to replace the molasses act in 1764 with the aim of raising revenue. Even though the act reduced the preceding…

    • 976 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    U.S. HIstory objectives and vocabulary
    • 1315 Words
    • 5 Pages

    U.S. HIstory objectives and vocabulary

    2. Sugar Act- A law issued by the British government in 1764 taxing foreign fined sugar, coffee, indigo, and wine.…

    • 1315 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Good Essays

    What Are The Key Terms Of Pontiac's Rebellion
    • 318 Words
    • 2 Pages

    What Are The Key Terms Of Pontiac's Rebellion

    Sugar Act: (1764) Placed taxes on goods such as foreign sugar and other luxuries. Was an attempt to enforce Navigation Acts and stop smuggling. Also known as the Revenue Act of 1764.…

    • 318 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Why Is The Currency Act Threatened To Destabilize The Economy
    • 317 Words
    • 2 Pages

    Why Is The Currency Act Threatened To Destabilize The Economy

    Parliament passed the Currency Act of 1764 which terminated the making of paper money for the colonies. Colonist were subjected to only use gold and silver. But there wasn’t any gold or silver mines in America which caused a shortage of currency. So the only way the colonist could obtain gold and silver is to trade with England. This was only to ensure a profit for themselves. The Currency Act threatened to destabilize the colonial economy. Another act passed by Parliament that helped destabilize the economy was the Mutiny Act of 1765. The Mutiny Act restricted some of the manufacturing in the colonies, making some of the colonist lose their jobs and forcing America to trade with England. “One of the most essential branches of English liberty…

    • 317 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    How Is The American Colonist Justified Dbq
    • 502 Words
    • 3 Pages

    How Is The American Colonist Justified Dbq

    The british parliament was using the colonist to gain income, and control the colonist. That was a big reason that the colonist wanted to break away from the british.…

    • 502 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Pros And Cons Of The Stamp Act
    • 521 Words
    • 3 Pages

    Pros And Cons Of The Stamp Act

    In the time period of 1763 and 1765 two acts took place, the Sugar Act and the Stamp Act. The Sugar Act all started because of a war debt that was expanding. In the Sugar Act there is a lot of pros and cons, my personal feelings on the act go both ways. The price of sugar was raised to around six pence, which is about twelve dollars for one gallon. In this time sugar was a very well-know substance just like it is today. The act was basically a way to make the trade route more difficult and more expensive. The Sugar Act is very good that was passed at the time. It also helped with watching what was going and coming through with the trade and helped with watching out for smugglers. The tax law on the sugar didn't help much with the outlook on…

    • 521 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Research Paper Rough Draft
    • 395 Words
    • 2 Pages

    Research Paper Rough Draft

    Parliament. They wanted to be free from the tyranny of King George III. When the colonist…

    • 395 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    American Revolutionary War and Urban Artisans
    • 991 Words
    • 4 Pages

    American Revolutionary War and Urban Artisans

    Parliament was mainly concerned with economic regulation and so added new articles such as fur, copper, and hemp to the list of items produced in the colonies, which had to be shipped to England before being shipped to another country. Parliament also curtailed colonial production of articles important to England's economy but most importantly the passed the Molasses Act in 1733. Although Parliament tried to restructure its colonies by trying to stop colonial trade with other countries, it was unsuccessful because the acts, laws, and taxes were not enforced completely. For example,One attempt of stopping trade between New England and the French West Indies was by imposing a prohibitive duty of six pence per gallon on French slave-produced molasses. This turned many of New England's largest merchants and distillers into smugglers.…

    • 991 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Summary: The Road To Revolution
    • 901 Words
    • 4 Pages

    Summary: The Road To Revolution

    The Sugar Act taxed all common goods such as sugar, lumber, animal skins, and whale bone. The colonists responded in a mild protest, but it was not a huge issue for most. The next act past was the Stamp Act. The stamp act highly taxed stamps and made it so every paper had to have a stamp. The colonist were very angry about this act so they rioted until the act was repealed. The next revolutionary act was the Townshend Acts. This taxed common goods such as paper, tea, paint, and glass. The colonists responded to this act by boycotting British goods. Eventually British government repealed all the taxes except for the one on tea. This was not good enough for the colonist, they wanted all the taxes destroyed. They acted on this by going out in the middle of the night and throwing in 342 crates of tea into the Boston Harbor. As a punishment British government passed the Intolerable acts. There was four laws included in this act, the Boston Port Act, Massachusetts Government Act, Administration of Justice Act, and the Quartering Act. In the Boston Port Act the Boston Port was closed until the people of Boston had payed for it all. This was very significant because that port was used to import food, the citizens would starve without it. The Massachusetts Government Act stated that all town meetings or…

    • 901 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Great Awakening In The 18th Century Essay
    • 515 Words
    • 3 Pages

    Great Awakening In The 18th Century Essay

    Molasses Act: In 1733, Parliament passed the Molasses Act. It was put in place in order to stop North American trade with the French West Indies. American merchants responded to the act by bribing and smuggling their way around the law. Therefore, the act started to push the Americans towards revolting rather than obliging. Naval Stores: Were highly valued because Britain was anxious to gain and retain a mastery of the seas.…

    • 515 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Consequences Of The Boston Tea Party
    • 523 Words
    • 3 Pages

    Consequences Of The Boston Tea Party

    In 1764, the Sugar Act was passed. The sugar act was a way for smuggling trade in sugar and molasses to cease. The colonies were angry about this act being passed because of how…

    • 523 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Short And Long-Term Effects Of The Revolutionary War
    • 795 Words
    • 4 Pages

    Short And Long-Term Effects Of The Revolutionary War

    With landowners and merchants facing an already high tax burden, the government turned to the colonies. They enacted several acts beginning in 1764 with the Sugar Act in an attempt to raise funds. This act attempted to eliminate illegal trade therefore strengthening the duty on sugar. The Currency Act eliminated paper money and required any in circulation to be destroyed. Most notably was the Stamp Act of 1765.…

    • 795 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Were the Colonists Justified?
    • 316 Words
    • 2 Pages

    Were the Colonists Justified?

    After all of the hardship and violence the British imposed on the colonists, the Americans were justified in waging war and breaking away from Britain. The Colonists were justified in breaking away because the parliament passed laws that were unjustified, The British king was of tyranny, The Stamp Act of 1765, The Townshend Act and The Boston Massacre. All of this lead to the colonies joining together and rebelling against the British.…

    • 316 Words
    • 2 Pages
    Good Essays
    Read More

Related Topics