Britain’s In Debt The Tea Act of East India Company
was allowed to sell their During the late 1700’s, tea for less than other the British Government tea companies, like the was in a huge amount of Dutch Company’s debt due to the costs of colonists were war and building a smuggling from. massive empire.
Smuggling of Tea
The 13 Colonies The Decleration of
(America) smuggled tea Independence from Dutch tea colonies https://www.ushistory.org/dec by Unknown Author is licensed under resulting in the British leration/related/teaact.html East India Company going into a massive amount of debt because 1773 nobody was buying their tea! The tea act launched the final spark to the revolutionary movement. This act was designed to help the British East India Company, which was a key factor in the British economy, who was burdened with enormous amounts of debt and tea. The Britain Government allowed the East India Company to control the sale of tea and to force a tax on the colonists to pay three pennies on every pound of tea. With this act, the Everyone Loved outraged! The colonists through town, and Tea did not like the idea of dumped 342 chests f tea the East India into the water. The Americans, or the Company’s monopoly amount of tea they thirteen colonies, loved scheme and they were dumped was worth tea just as much as the angry with Britain for nearly two million dollars English did and they imposing “taxation in today’s money. drank over a million without Representation.” pounds a year. When the British government December 17, 1773 let the East India (Boston Tea Party) Company to control the Bostonians dressed like sale of tea, they were Indians, marches