USA HISTORY

Detailed explanation-1: -In an effort to save the troubled enterprise, the British Parliament passed the Tea Act in 1773. The act granted the company the right to ship its tea directly to the colonies without first landing it in England, and to commission agents who would have the sole right to sell tea in the colonies.

Detailed explanation-2: -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.

Detailed explanation-3: -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.