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Smuggled tea was a large issue for Britain and the East India Company, since approximately 86% of all the tea in America at the time was smuggled Dutch tea. The Act granted the Company the right to directly ship its tea to North America and the right to the duty-free export of tea from Britain, although the tax imposed by the Townshend Acts and ...
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.
A ship laden with tea was supposed to arrive in Boston in 1773, where its contents would likely have been dumped. But it wrecked on Cape Cod! ... The Tea Act made East India Tea cheaper than ...
Painting by Francis Blackwell Mayer, 1896, depicting the burning of Peggy Stewart. Peggy Stewart was a Maryland cargo vessel burned on October 19, 1774, in Annapolis as a punishment for contravening the boycott on tea imports which had been imposed in retaliation for the British occupation of Boston following the Boston Tea Party.
The colonists partook in this action because Parliament had passed the Tea Act, which granted the British East India Company a monopoly on tea sales in the colonies, thereby saving the company from bankruptcy. This made British tea less expensive. In addition, there was added a small tax. [citation needed] This angered the colonists. News of ...
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 name "Tea Party" is a reference to the Boston Tea Party, an incident on December 16, 1773 where American colonists in Boston threw numerous chests of tea taken from ships in the city harbor into the sea in protest over the British Parliament's Tea Act.
Later in 1773 the Tea Act was put into place which allowed the East India Company to gain a monopoly on tea sales in America by being able to sell tea at prices that were cheaper than both the colonial tea importers and smugglers. The British government did this to be able to continue to collect tea taxes from the American colonies.