In 1767, Charles Townshend proposed a series of taxes known as the Townshend Acts. These taxes were different from the stamp act because they were indirect taxes.
What is the significance of Townshend Acts?
The event of Townshend Acts coming into effect in 1767 were important for the American society. It is also mainly because of the fact that the government needed ways to increase their revenues on the consumer goods and services being sold in the economy.
Unlike the taxes and duties paid under the Stamp Act, the Townshend Act implied the application of indirect taxes. The indirect taxes are such taxes, which are paid by sellers, and not individual taxpayers over their income.
Therefore, the significance of the Townshend Acts has been aforementioned.
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