Questions-Answers about trading

Why was molasses important in the triangular trade

Trade

Why was molasses important to the colonists?

The Molasses Act of 1733 raised the tax on molasses that was imported by American colonies from anywhere other than Great Britain. The purpose of the Molasses Act was to make more money for Great Britain by controlling trade among its colonies.

What was the purpose of the Molasses Act of 1733?

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.

Why was the triangular trade important?

Why is the Triangular Trade so important? The triangular trade model allowed for the swift spread of slavery into the New World. Twelve million Africans were captured in Africa with the intent to enter them into the slave trade.

What were the 3 points of the triangular trade?

On the first leg of their three-part journey, often called the Triangular Trade, European ships brought manufactured goods, weapons, even liquor to Africa in exchange for slaves; on the second, they transported African men, women, and children to the Americas to serve as slaves; and on the third leg, they exported to …

What are molasses used for?

The lighter grades of molasses made from sugarcane are edible and are used in baking and candy-making and to make rum. Blackstrap and other low grades of cane molasses are used in mixed animal feed and in the industrial production of vinegar, citric acid, and other products.

Why was rum so important to the colonists?

Rum was an economic force in the American colonies, but tied to the contemptible practice of human slavery. … But in its early heyday, rum played a central role in tavern life, serving as a social lubricant. Town taverns were often the gathering places where political discussion took place and ideas were exchanged.

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Who was very much against the Stamp Act?

Patrick Henry

Is the molasses act the same as the Sugar Act?

Under the Molasses Act colonial merchants had been required to pay a tax of six pence per gallon on the importation of foreign molasses. … The Sugar Act reduced the rate of tax on molasses from six pence to three pence per gallon, while Grenville took measures that the duty be strictly enforced.

Why did many New Englanders oppose the Sugar Act?

Why did New England merchants oppose the Sugar Act of 1764? They feared that tighter customs enforcement would wipe out their smuggling of French molasses.

What was the impact of triangular trade?

The Mercantilist nature of the Triangular Trade also had a major impact on the function of the slave trade, in Africa, the New World, and in between. From their small enclaves in Africa, colonial powers worked hard to maintain a favorable balance of trade with the local African elites as with their European neighbors.

Who benefited most from the triangular trade?

New England also benefited from the trade, as many merchants from New England, especially the state of Rhode Island, replaced the role of Europe in the triangle. New England also made rum from Caribbean sugar and molasses, which it shipped to Africa as well as within the New World.

What effect did the triangular trade have on America?

As more traders began using “triangular trade,” demand for colonial resources rose, which caused two tragic changes in the economy: More and more land was required for the collection of natural resources, resulting in the continuing theft of land from Native Americans.

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Why did the triangular trade end?

The Transatlantic Slave Trade

The slave trade made many people very rich but also ruined the lives of those captured into slavery. As resistance grew and profit declined, the trade was finally abolished.

How did the triangular trade affect Africa?

The size of the Atlantic slave trade dramatically transformed African societies. The slave trade brought about a negative impact on African societies and led to the long-term impoverishment of West Africa. This intensified effects that were already present amongst its rulers, kinships, kingdoms and in society.

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