Search results
Results From The WOW.Com Content Network
The Tea Act 1773 (13 Geo. 3.c. 44) was an Act of the Parliament of Great Britain.The principal objective was to reduce the massive amount of tea held by the financially troubled British East India Company in its London warehouses and to help the struggling company survive. [1]
The Boston Tea Party was an American political and mercantile protest on December 16, 1773, by the Sons of Liberty in Boston in colonial Massachusetts. [2] The target was the Tea Act of May 10, 1773, which allowed the East India Company to sell tea from China in American colonies without paying taxes apart from those imposed by the Townshend Acts.
This act was designed to assist the financially troubled British East India Company and enable tea to enter North America priced lower than the tea typically smuggled in to avoid taxes. [3] Colonists recognized that by buying this lower-cost tea, and paying the import tax from the Townshend Acts, they would be setting a precedent of abiding by ...
The Tea Act of 1773 was the English answer. It let the company cut out the middleman in London on the logic that the colonials would return to getting tea the upstanding way—from them. But ...
The Tea Act made East India Tea cheaper than smuggled Dutch tea, increased sales and helped the government collect a tax on the tea. For many Americans, the idea of a failing corporation receiving ...
The Tea Act reduced the price of tea and enabled the East India Company's monopoly over the colonial tea market. Furious about how the British government and the East India Company controlled the colonial tea trade, citizens in Charleston, Philadelphia, New York and Boston rejected the imported tea, and these protests eventually led to the ...
The Tea Act infuriated colonials precisely because it was designed to lower the price of tea without officially repealing the tea tax of the Revenue Act of 1767. And colonial leaders thought the British were trying to use cheap tea to "overcome all the patriotism of an American," in the words of Benjamin Franklin.
In the meantime, Parliament had repealed most of the Townshend taxes (keeping only the one on tea), and passed the Tea Act, which authorized the British East India Company to ship tea directly to the colonies, eliminating colonial merchants from its supply chain and undercutting the price of smuggled Dutch tea.