The Sugar Act
The Sugar Act was a bill which was meant for the increase
of income via taxes on sugar, as well as molasses and
other goods made from that product. The act was set
forth by Grenville, the British Prime Minister of the time
(see gbpretroubles), in responce to the financial losses
created by French and Indian Wars. Grenville's 'reason'
for enacting the taxation was that the colonies had to pay
for their protection.
The colonies complained about this tax alike all other
taxes, however, another act created by parliament
(banning paper money) created an economic depression in
addition to the one created by the wars. Grenville later
nullified this act to put forth the stamp act; a bill
which would yield more money.
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