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Tea Act Research Paper

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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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The Tea Act was putting tax on tea sold by other companies other than the East India Company. A group of colonists wanted to make things change was the Sons of Liberty. Led by Samuel Adams and John Hancock. They had secret meetings and then took action

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The event I researched is, Tea Act. It happened on, May 10, 1773. This topic talks about that the Tea had to be sent directly to the colonies and that there they had to sell it to a good price. The event was about, because they did not have how to increase the income in the American colonies. As a result of this event, It turned out that the colonies of Philadelphia and New York returned the tea boats to Great Britain, And in Charleston the load of Tea was rotting on the docks.

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The Tea Act angered the colonist the most because for one they took action and threw over tea into the Boston harbor, and because it’s the India company that’s getting all the money, they have the monopoly. Also, the Boston Tea Party (which was what happened because of Tea Act) lead to the British passing the Coercive act which shut down the Boston harbor from importing or exporting. The Sugar Act is the one that angered them the least because it was the first tax the colonies had gotten, they would have been okay with it because at this time they still liked Britain. Also, it only taxed sugar and molasses and the Tea Act hadn’t been passed yet so they could still have their tea but the sugar would have been just a bit more expensive than

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The Tea Act was passed on May 10, 1773, and really didn’t implement any new tax. The tax on tea had existed since the 1767 Townshend Revenue Act, in which glass, lead, paint, paper, and oil were also taxed. Because of the numerous protests and boycotts, all the taxes were repealed, except for the one on tea. That tax was kept to prove a point that Parliament still held the right to tax the American colonies. The passing of the Tea Act angered the colonists; the act granted the British East India Company a monopoly on tea sales.

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On May 10, 1773, the British parliament passed the Tea Act and unlike the previous acts it didn’t impose new taxes and its main purpose was not to make more money from the colonies but to help out the East India Company which was struggling financially. The company was struggling because many colonists were boycotting tea to protest the tax on tea and as a result, the company had millions of pounds of unsold tea in its warehouses. The company was important to the British because it played a large role in their economy and the Tea Act gave the company a monopoly on the sales and importation of tea in the colonies. The Tea Act affected the colonists by causing merchants who were part of the illegal Dutch tea trade to lose business, forcing shop

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In efforts to raise money to pay off the large amount of debt caused by the French and Indian War, the British parliament imposed a long string of taxes to make the colonists pay for the expensive colonial war. These imposed taxes are the Sugar Act (1764), Stamp Act (1765), Townsend Acts (1767), and the last straw for the Colonists was the Tea Act (1773). Because of these legislations passed by parliament, with no representation of colonists' wishes and ideas, a covert group of angered colonists, the Sons of Liberty, forcefully boarded British cargo ships dressed as Native Americans and damaged approximately $1760.42 of British teas in protest in today’s economy. The British Soldiers brutally punished the colonists by not allowing any citizen

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and they too were attacked so they had to fire into the mob. Parliament passed the Tea Act, which gave the British East Indians company a complete monopoly of the American tea business meaning the colonists could only buy tea from this company. The colonists opposed this law even though it lowered the price of tea. They viewed the tea Act as merely another example

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