On this day in 1773, the British Parliament passes the Tea Act, a bill designed to save the faltering East India Company from bankruptcy by greatly lowering the tea tax it paid to the British government and, thus, granting it a de facto monopoly on the American tea trade..
Similarly, you may ask, what was the purpose of the Tea Act of 1773?
The act's main purpose was not to raise revenue from the colonies but to bail out the floundering East India Company, a key actor in the British economy. The British government granted the company a monopoly on the importation and sale of tea in the colonies.
why did colonists not like the Tea Act? Many colonists opposed the Act, not so much because it rescued the East India Company, but more because it seemed to validate the Townshend Tax on tea. These interests combined forces, citing the taxes and the Company's monopoly status as reasons to oppose the Act.
Consequently, what caused the Tea Act?
The Tea Act: The Catalyst of the Boston Tea Party. The Tea Act, passed by Parliament on May 10, 1773, granted the British East India Company Tea a monopoly on tea sales in the American colonies. The tea tax was kept in order to maintain Parliament's right to tax the colonies.
When was the Tea Act passed?
1773,
Related Question Answers
What are the four intolerable acts?
The four acts were (1) the Boston Port Bill, which closed Boston Harbor; (2) the Massachusetts Government Act, which replaced the elective local government with an appointive one and increased the powers of the military governor; (3) the Administration of Justice Act, which allowed British officials charged withWhat was the tax that caused the Boston Tea Party?
The act granted the EIC a monopoly on the sale of tea that was cheaper than smuggled tea; its hidden purpose was to force the colonists to pay a tax of 3 pennies on every pound of tea. The Tea Act thus retained the three pence Townshend duty on tea imported to the colonies.Is there still tea in Boston Harbor?
Is there still tea at the bottom of the Boston Harbor? In short not likely. The area where the ships were has been filled in as part of the radical changes in the Boston coast since 1773.When did the tea party start?
February 2009
What did the intolerable acts do?
Intolerable Acts. The Intolerable Acts were punitive laws passed by the British Parliament in 1774 after the Boston Tea Party. The laws were meant to punish the Massachusetts colonists for their defiance in the Tea Party protest in reaction to changes in taxation by the British to the detriment of colonial goods.Why did they throw the tea in the harbor?
The Boston Tea Party was a protest by the American Colonists against the British government. They staged the protest by boarding three trade ships in Boston Harbor and throwing the ships' cargo of tea overboard into the ocean. They threw 342 chests of tea into the water. The British knew who had destroyed the tea.Why is the Boston Tea Party so important?
The Boston Tea Party was a raid that took place in the Boston Harbor in 1773, during which American colonists dumped shiploads of tea into the water to protest a British tax on tea. This event was important because it fueled the tension that had already begun between Britain and America.What caused the Boston Tea Party?
Boston Tea Party CauseIn simplest terms, the Boston Tea Party happened as a result of “taxation without representation”, yet the cause is more complex than that. In response to the smuggling, in 1767 Parliament passed the Indemnity Act, which repealed the tax on tea and made British tea the same price as the Dutch.How did parliament respond to the protests against the Tea Act?
How did Parliament respond to the protests against the Tea Act? It raised the tea tax. seek approval for town meetings. More than 5,000 colonists met to decide what to do about the shipment of tea.What kind of tea was in the Boston Tea Party?
Benjamin Woods Labaree's The Boston Tea Party says, “About one-third of the tea exported from China in the eighteenth century was green tea,” with green Hyson “the choicest of all.” But the bulk of the tea that Europeans, and thus European-Americans, consumed was black tea from the Bohea mountains.What was the Boston Tea Party originally called?
The midnight raid, popularly known as the “Boston Tea Party,” was in protest of the British Parliament's Tea Act of 1773, a bill designed to save the faltering East India Company by greatly lowering its tea tax and granting it a virtual monopoly on the American tea trade.What were some of the causes and effects of the Boston Tea Party?
The effect of the Boston Massacre was five people died. The cause of the Boston Tea Party was the colonists didn't want taxed tea. The effect was the Sons of Liberty dressed up as Mohawk Indians and dumped all the tea of three ships when they brought a new supply to the colonists.What did the Boston Port Act ban?
On this day in 1774, British Parliament passes the Boston Port Act, closing the port of Boston and demanding that the city's residents pay for the nearly $1 million worth (in today's money) of tea dumped into Boston Harbor during the Boston Tea Party of December 16, 1773.What was the cause and effect of the Tea Act?
Cause: Parliment punished Boston for the Boston Tea Party. This Act required colonists to house British soldiers. Effect: Increased people's anger at Britain. Cause: The British Government needed to create money to support the Army so they created the Stamp Act of 1765.What happened after the Boston Tea Party?
What happened after the Tea Party? Boston Harbor was shut down. As a result of the Boston Tea Party, the British shut down Boston Harbor until all of the 340 chests of British East India Company tea were paid for. This was implemented under the 1774 Intolerable Acts and known as the Boston Port Act.What happened during the Boston Tea Party?
The Boston Tea Party was a political protest that occurred on December 16, 1773, at Griffin's Wharf in Boston, Massachusetts. American colonists, frustrated and angry at Britain for imposing “taxation without representation,” dumped 342 chests of tea, imported by the British East India Company into the harbor.How did the colonists react to the Sugar Act?
Immediate Effects of the Sugar Act of 1764Because the colonists were forced to pay more for molasses, they were also forced to pay higher prices for rum, and therefore exports of the product diminished. In addition, the Sugar Act established the British West Indies as their only serious export.Why was the Tea Act unfair to the colonists?
The Tea Act was adopted because the British Parliament was in need of money. The parliament needed to pay for the debts that they had from the previous wars that they had been in. They felt that it was acceptable to tax the colonists, because they were fighting for them when in war.Why did the colonists oppose the Tea Act?
(1) The colonists were upset because the tax on tea continued. Tea was a popular drink, and they didn't like having to pay a tax on it. (2) The colonists believed any tax violated their rights as British citizens. They didn't have representatives in Parliament that could vote on the proposed taxes. 
Andrew Mccoy 
