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Tea Act Research Paper

289 Words2 Pages
A few months ago, May 10, 1773, the British Parliament passed the Tea Act. This law allowed the British East India Company to sell tea directly to the colonists. The British East India Company is a Joint-stock company that trades goods to many different countries. This company was on the verge of bankruptcy and needed a way to make money fast and easy. In order for the company to not go bankrupt, the parliament allowed the company to sell tea directly to the colonies for a cheaper price than what most companies from the colonies sell tea for. Selling the tea for less would mean less colonists would smuggle tea. Less smuggling would result in more tax money for the British Parliament. Theoretically, everyone wins from this act. The East India

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