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The Boston Tea Party
Member rating: No Rating | Words: | Submitted: Thu Jul 11 2002
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The Boston Tea Party In 1773, the East India Company had a lot of tea it could not sell in England and was almost ready to close down its business. To help save the company, the British Parliament passed the Tea Act of 1773. This allowed the company to sell its goods to the colonies without paying taxes. This meant the East India Company could sell their tea cheaper then the American goods. The Tea Act of 1773 did not impose any new tax on tea. It would still be taxed the three- penny per pound like it had need for the last six years. The British didn't think the colonies would be upset about the Act since by letting the East India Company not pay taxes, the price of tea would go down. But the colonists were angry because the Act would give the East India Company a monopoly on tea...
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