USA HISTORY

Detailed explanation-1: -Titled The American Revenue Act of 1764 On April 5, 1764, Parliament passed a modified version of the Sugar and Molasses Act (1733), which was about to expire. Under the Molasses Act colonial merchants had been required to pay a tax of six pence per gallon on the importation of foreign molasses.

Detailed explanation-2: -The Sugar Act also taxed numerous foreign products, including wine, coffee, and textiles, and banned the direct shipment of several important commodities such as lumber to Europe, upsetting the balance of trade for merchants in Northern seaports.

Detailed explanation-3: -Molasses Act, (1733), in American colonial history, a British law that imposed a tax on molasses, sugar, and rum imported from non-British foreign colonies into the North American colonies.

Detailed explanation-4: -Parliament passed the Stamp Act on March 22, 1765, to pay down a national debt approaching £140, 000, 000 after defeating France in the Seven Years War (1763). A year earlier, Parliament passed the Sugar Act, their first revenue-raising measure. Both taxes promised dire consequences in a post-war economy.