USA HISTORY

Detailed explanation-1: -On April 27, 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.

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: -The British Parliament passed the Tea Act in May 1773 to help the company. This gave the East India Company a tax break on their tea, which made it cheaper than tea that was being smuggled into the colonies from other places.

Detailed explanation-4: -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.