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From an uncle he inherited Boston's leading mercantile firm, and naturally he opposed the Stamp Act (1765) and other British trade restrictions. In 1768 his ship Liberty was seized as a smuggler and confiscated by the crown. A riot ensued, and later the ship was burned. Hancock was hailed as a martyr and elected (1766) to the legislature, where he joined Samuel Adams in advocating resistance to England.
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