Molasses
Definition
Molasses is a thick syrup produced during the refining process of sugar. It's what's left over after all the sucrose has been crystallized out from cane or beet juice.
Related terms
Sugar Act 1764: An act passed by British Parliament that imposed taxes on molasses imported into colonies not ruled by Britain.
Rum Distillation: The process by which rum is made from molasses through fermentation and distillation.
Mercantilism: An economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage.
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