Economics of the Revolutionary War After the end of the French and Indian War in 1763 the American people had taxes placed on them by the British. The British Parliament claimed that by placing the taxes they were defending the colonies for the Americans. During the twelve years following the war, the British enacted a numerous amount of taxes that allowed them to raise revenue from the American economy. This taxing of the American people hurt the American economy and started to push the American colonists toward an independence movement so they could have a free economy. Over the course of the twelve-year period there were six acts enacted to take money from the American economy. The Sugar Act of 1764 was the first act used by the British to channel revenue into Britain. The British specifically stated in the Sugar Act, "…a revenue be raised in your Majesty's said dominions in America, for defraying the expenses of defending, protecting, and securing the same" (The Sugar Act). This proves that the British were using this act just to raise revenue because they needed it to defray the cost of fighting against the French. The act forced tariffs on goods being imported into the colonies. Examples of these goods were sugar, molasses, foreign indigo, and coffee. This angered the colonists because they were depending heavily on trade with other colonies and countries outside of the North American continent. The colonists specifically stated in a petition from the Massachusetts House of Representatives to the House of Commons on November 3, 1764 that a "prohibition will be prejudicial to many branches of its trade and will lessen the consumption of the manufactures of Britain" (King, Peter. Petition from the Mass... ... middle of paper ... ...ng.com/library/lbody.cfm?id=84&parent=17 (13 Apr. 2000). "The Stamp Act." Founding.com Library. http://www.founding.com/library/lbody.cfm?id=87&parent=17 (13 Apr. 2000). "The Sugar Act." Founding.com Library. http://www.founding.com/library/lbody.cfm?id=85&parent=17 (13 Apr. 2000). "The Tea Act." Founding.com Library. http://www.founding.com/library/lbody.cfm?id=91&parent=17 (13 Apr. 2000). "The Townshend Act." Founding.com Library. http://www.founding.com/library/lbody.cfm?id=90&parent=17 (13 Apr. 2000). Secondary Sources McCusker, John J. Essays in the Economic History of the Atlantic World. New York, New York: Routledge, 1997. Hoffman, Ronald, McCusker, John, J, Menard, Russell, R, and Albert, Peter, J. The Economy of Early America: The Revolutionary Period, 1763-1790. Charlottesville, Virginia: University Press of Virginia, 1988.
The British also implemented new taxes. The Sugar act of 1764 sought to reduce smuggling, which occurred partly as a result of the earlier Molasses Act. This gave British possessions in the Caribbean the upper hand in sugar trade, which in the British view helped the empire as a whole, but to Americans, and especially the merchants, this put limits on their opportunities. The Currency Act, passed about this time forbade the printing of colonial currency. British merchants benefited because they didn't have to deal with inflated American currencies. The Americans felt they were at an economic disadvantage as very little sterli...
After the Seven Years Way England was broke for she had spent more money needed to win the war. Also winning the war gave the colonist a “we can do it spirit”. However because England now was facing debt she decided to tax the colonies. One the first acts passed was the sugar act passed in 1764. This Act was the raise revenue in American colonies. What it did was lowered the tax from six penses to three penses per gallon on foreign molasses. Molasses is a product made by refining sugarcane, grapes or sugar beets into sugar. This upset the colonist because before the sugar act they didn’t have to pay the tax so even if it was lowered that meant nothing for they now had to pay for it. A year later, in 1765, the Britain’s passed another act known as the Stamp Act. The Stamp Act put a tax on stamped paper, publications, playing cards, etc. Because it was on all paper products in a way it affected everyone; from the papers for the upper class such as lawyers, publications such as newspapers for the middle class, and playing cards for the lower class for entertainment. Next, the Townshend Act passed by Charles Townshend. This came in 1767, which imposed taxes on colonial tea, lead, paint, paper, and glass which just like the Stamp Act affected all of the classes in the colonist in the Americas. Though this act was removed three years later in 1770, it still left colonists with a warning that conditions may become worse. Around 1773, parliament passed the Intolerable Acts one of those acts which affected taxation was the Bost...
The British were facing economic difficulties after the French and Indian war; therefore, they passed taxes on the colonies to help repay the debt. Initially, the British introduced the Sugar Act in 1764. The colonists did not approve of the British taking control over them. The colonists opposed the Sugar Act because they had to pay three cent tax on sugar. In addition, the Sugar Act increased the taxes on coffee, indigo, and wine. This act was the start of colonist frustration. Subsequently came the Stamp Act the following year in 1765. The Stamp Act was the mind changer for many colonists known as the Patriots. The Patriots started forming as a result of England enforcing acts. The patriots believed the colonies should go to war and separate
The American Revolution was caused by a series of attempts from the British to tax American colonists. After a war against France, Britain ruled an enormous overseas empire. Britain however faced war debt and was in need of money to administer the overseas empire. The crown decided that since the colonists were the primary beneficiaries of this empire, it was time to have them contribute to the empire’s revenue by paying taxes.
Without colonial consent, the British started their bid to raise revenue with the Sugar Act of 1764 which increased duties colonists would have to pay on imports into America. When the Sugar Act failed, the Stamp Act of 1765 which required a stamp to be purchased with colonial products was enacted. This act angered the colonists to no limit and with these acts, the British Empire poked at the up to now very civil colonists. The passing of the oppressive Intolerable Acts that took away the colonists’ right to elected officials and Townshend Acts which taxed imports and allowed British troops without warrants to search colonist ships received a more aggravated response from the colonist that would end in a Revolution.
The Sugar Act of 1764 was a British Law, passed by the Parliament of Great Britain on April 5, 1764.Reduce the rate of tax on molasses from six pence to three pence per gallon - but ensured the new tax could be collected by increased British military presence and controls.The people that started the Sugar Act was the British Parliament of the Great Britains. King of Great Britain throughout much of the colonial period; saw marked decline in popularity in the colonies after the French and Indian War.The second person who started it was King George.The Sugar Act was in the middle of a trade between the American colonies and French markets. The Sugar Act ended with the American Revolution and so the American colonies and the british was
After the Seven Year War, Britain now needed to find ways to generate money, and felt that since the war was fought on American land that they should help pay for its cost, and they decided to issue new taxes on the colonies trying to offset some of the cost of the war. One of the first acts they presented was the Sugar act in 1764, lowering the duties on molasses but taxed sugar and other items that could be exported to Britain. It also enforced stronger laws for smuggling, where if prosecuted, it would be a British type trial without a jury of their peers. Some Americans were upset about the Sugar Act because it violated two strong American feelings, first that they couldn't be tried without a jury of their peers, and the second that they couldn't be taxed without their consent.
In 1764, the Sugar Act was enacted, putting a high duty on refined sugar. Even though silent, the Sugar Act tax was hidden in the cost of import duties making most colonists to accepted it. The Stamp Act, however, was a direct tax on the colonists and led to an uproar in America over an issue that was to be a major cause of the Revolution tool to oppose taxation without representation. To Americans, British government had no mandate to pas an act affecting colonists without their representation the litigation aimed at oppressing colonists. The duty not only targeted on sugar but its products. The implication it carried traversed along economic lines of civilians in raising the cost of living. The move made it difficult for firms as the cost of production went up with minimal sales as people abandoned Britain products.
The signing of the Declaration of Independence was a major disadvantage to Europe. On July 4, 1776 the American Revolution formally began when the Second Continental Congress signed a declaration of Independence. This war lasted from 1775 to 1783 and also led to many casualties. The aftermath of the American Revolution effected Europe financially, politically, and revolutionary.
The British started to do direct taxation on the American colonies to pay off debt from the Seven Years’ War. This allowed the Parliament to earn money from the American colonies to pay off war debt and take control of trade, which profited the British. As for the colonists, this was found to be unreasonable due to the fact that the British were taxing the colonists because the British extra-curricular activities, such as the Seven Years’ War. This very much upset the colonists, but made the Parliament feel more at ease to gain money to pay off debt and make profit from colonial
What is the Sugar Act of 1764 ? The Sugar Act is the taxation passed by British Parliament that taxed sugar and molasses imported to the colonies.
Leading up to the time of the Revolutionary War, seven policies were passed by Britain in hopes of controlling the colonies. These acts culminated in the Quebec Act which persuaded many Americans into supporting the revolutionary effort. The Proclamation of 1763 was the first policy passed by the British. This forbid any settlement west of Appalachia because the British feared conflicts over territory in this region. The proclamation, however, infuriated the colonists who planned on expanding westward. The Sugar Act was passed shortly after in 1764. This act sought harsher punishment for smugglers. The next act to be passed was possibly the most controversial act passed by Britain. The Stamp Act passed in 1765 affected every colonist because it required all printed documents to have a stamp purchased from the British authority. The colonist boycotted British goods until the Stamp Act was repealed but quickly replaced by the Declaratory Act in 1766. The British still held onto the conviction that they had the right to tax the Americans in any way they deemed necessary. The Declaratory Act was followed by the Townshend Acts of 1767. This imposed taxes on all imported goods from Britain, which caused the colonies to refuse trading with Britain. Six years passed before another upsetting act was passed. In 1773, the Tea Act placed taxes on tea, threatening the power of the colonies. The colonies, however, fought back by pouring expensive tea into the Boston harbor in an event now known as the Boston Tea Party. The enraged Parliament quickly passed the Intolerable Acts, shutting down the port of Boston and taking control over the colonies.
England provided goods, soldiers for defense, and government to Colonial America. The Sugar and Currency Acts, paid by colonists, happened as duties as part of the British Empire. Originally, George Grenville, Parliamentary Member, enacted the Sugar Act so “that they (Americans) should help support the troops provided for their defense; he did not propose that they should bear all of the charges for troops stationed in America, however” (Middlekauff, 2005, p. 62). The ever-upstart colonist remained thoroughly defiant to a providing British Empire and led to the Intolerable
In the 1760s King George III enacted the Sugar Act and the Stamp act to gain extra revenue from his colonies. King George III decided to enact heavier taxes to put money back into the empire that had been lost after the French and Indian War. This act levied heavy taxes on sugar imported from the West Indies. The Stamp Act in 1765 required that many items have a stamp to prove that the owner had payed for the taxes on the item. The problem the colonists had with it was that it increased the presence of English troops in the Colonies and they felt it was unneeded and only meant to put more control into Great Britain's hands.
To this day, the American Revolution stands out as a pivotal moment in the emergence of the United States of America. The eighteen year struggle between Great Britain and the thirteen American colonies exemplified the power of will through the defeat of the strongest military force of the time. The American Revolution is often deducted down into the fight for life, liberty, and the pursuit of happiness or property. Yes, these Lockean philosophies played a crucial part in the revolution but they were not the sole motive in pursuing independence. Before convincing ideology was introduced, money and economics stood at the center of the unsound relationship between Britain and the colonies. After the Seven Years’ War, Britain was in a very delicate economic situation. Though they were regarded as the “world’s great commercial and imperial nation”, the depletion of their national funds paired with immense debts and new responsibilities created tensions that largely affected the American colonies. The resulting pressure placed on the colonial economy by the British Parliament sparked criticisms that, eventually, transformed into the full-blown revolution known today. Money set the foundation for the revolution that ideology eventually developed and validated. The economic restrictions enacted by the British government