The tax on non-British molasses was raised from three pence per pound to six pence per pound. The purpose of the Molasses Act was to make more money for Great Britain by controlling trade among its colonies.
Beside this, how did the Molasses Act affect the colonists?
The American colonists protested the act , claiming that the British West Indies alone could not produce enough molasses to meet the colonies ‘ needs. The American colonists feared that the act’s effect would be to increase the price of rum manufactured in New England, thus disrupting the region’s exporting capacity.
One may also ask, what did the Sugar Act do? The American Revenue Act of 1764, so called Sugar Act , was a law that attempted to curb the smuggling of sugar and molasses in the colonies by reducing the previous tax rate and enforcing the collection of duties.
One may also ask, what did the law do to the price of molasses?
On December 25, 1733 the Molasses Act came into effect imposing a duty of 6d per gallon on molasses imported from non-British colonies. Manufacturers of rum feared that supply of molasses and its higher price would affect its manufacturing capacity and therefore lose market share in an already competitive market.
What was the British tax on foreign molasses entering the American colonies?
Under the Molasses Act colonial merchants had been required to pay a tax of six pence per gallon on the importation of foreign molasses . But because of corruption, they mostly evaded the taxes and undercut the intention of the tax — that the English product would be cheaper than that from the French West Indies.