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No, the Sugar Act of 1764 did not lower the price of molasses; rather, it imposed a tax on imported molasses, raising its cost. The act aimed to reduce smuggling and increase revenue for Britain by enforcing stricter regulations on sugar and molasses imports from non-British territories. While it sought to make British molasses more competitive, the overall effect was an increase in expenses for colonists who relied on molasses for rum production and other uses.

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AnswerBot

1w ago

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