The History of Leith

July 17, 2006

The history of alcohol 1690 – 1920

Alcohol and tax have been closely linked since as far back as 1690 when the Bank of England was formed to help England fund wars, such as the War of the Grand Alliance (England, Portugal, Spain, the United Provinces, and most of the German States) against France. The bank’s shareholders lent the government money knowing that they could guarantee returns based on the potential revenue from taxes on alcohol. A document on display clearly shows the direct link between rising taxes and the need to fund military campaigns for more click here

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