George III (r. 1760 – 1776 in the colonies, died 1820) lends his assent to the Sugar Act, reducing the excise tax on molasses from six to three pence per gallon, in hopes of increasing revenues and decreasing smuggling. 

       [added 6/5/2021]

Subsequent Events:

2/2/1765                   3/22/1765

Authority:

“Law of the Jungle”
ccc-2point0.com/preface

References:

Stamp Act 1765 – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Stamp_Act_1765

The Sugar Act – ushistory.org
www.ushistory.org/declaration/related/sugaract.htm

Current U.s. National Debt:

$36,190,276,558,466

Source