USA HISTORY

Detailed explanation-1: -£9, 659 worth of damage in 1773 currency. The damage the Sons of Liberty caused by destroying 340 chests of tea, in today’s money, was worth more than $1, 700, 000 dollars. The British East India Company reported £9, 659 worth of damage caused by the Boston Tea Party.

Detailed explanation-2: -It’s estimated that the protestors tossed more than 92, 000 pounds of tea into Boston Harbor. That’s enough to fill 18.5 million teabags. The present-day value of the destroyed tea has been estimated at around $1 million.

Detailed explanation-3: -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.

Detailed explanation-4: -It was an act of protest in which a group of 60 American colonists threw 342 chests of tea into Boston Harbor to agitate against both a tax on tea (which had been an example of taxation without representation) and the perceived monopoly of the East India Company.