Wool Act 1699
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The Wool Act of 1699 is an Act of the Parliament of England (11 Will. III c. 13, long title "An Act for continueing severall Laws therein mentioned, and for explaining the Act intituled An Act to prevent the Exportation of Wooll out of the Kingdoms of Ireland and England into Forreigne Parts and for the Incouragement of the Woollen Manufactures in the Kingdom of England" [1]) which attempted to lower taxation and reduce control over colonial trade and production.[2] It opened Britain's wool industry by doubling wool production in Ireland and rewarding the export of wool from the American colonies. The Act encouraged American colonists to export wool, wool yarn, or wool cloth to markets outside the colonies and also unrestricted the import of woolens and linens created in other areas of the British Empire. In effect, it forced all wool and wool products produced by colonies and dependent areas of the United Kingdom to be sold to international markets, and then resold to British citizens in all areas of the empire. Each sale generated taxes on these goods. Shopkeepers had a very hard time during the Wool Act.
[edit] References
- ^ 'William III, 1698-9: An Act for continueing severall Laws therein mentioned, and for explaining the Act intituled An Act to prevent the Exportation of Wooll out of the Kingdoms of Ireland and England into Forreigne Parts and for the Incouragement of the Woollen Manufactures in the Kingdom of England. [Chapter XIII. Rot. Parl. 11 Gul. III. p. 3. n. 4.]', Statutes of the Realm: volume 7: 1695-1701 (1820), pp. 600-02. URL: http://www.british-history.ac.uk/report.asp?compid=46972. Date accessed: 16 February 2007.
- ^ John A. Garraty; Mark C. Carnes (2000). "Chapter Three: America in the British Empire", A Short History of the American Nation, 8th, Longman. ISBN 0-321-07098-4.
