New revenue and expenditure policies of the British
1. Currency Act of 1764: it restricted the colonists to make debt payment in paper currency and order to pay only in gold or silver. It called for financial troubles.
2. Sugar Act of 1764: provided for strong customs enforcement of the duties on refined sugar and molasses imported into the colonies from non-British Caribbean sources. Shipmasters were harassed under this act.
3. Stamp Act of 1765: a compulsory stamped paper was enforced which would provide proof of tax payment. Later through the Declaratory Act of the Parliament it was clearly states that it has right to put direct taxation anywhere in the British Empire.
4. Quartering Act 1765: It made serving the stationed British army with food, drink, accommodation, fuel and transport by the colonies.
5. Townshend Act 1767: these were series of act passed to suspend representative assemblies in the colonies (e.g. New York assembly was suspended) and to raise revenues (duties on the imports on the ports of colonies). Further with Indemnity Act, duties on the tea coming from East India Company was reduced to boost its profitability and fight the smuggling of Dutch tea.
6. Tea Act of 1773: it was designed to bail out the East India company and make it a monopoly power in terms of tea trade i.e. giving it all the powers to sell the excess tea at reduced prices in the colonies. This was a direct discrimination with respect to other goods whose traders were in absolute loss. This allowed direct shipment of Tea from China to be sold in the American colonies.
