USA HISTORY

Detailed explanation-1: -The act retained the duty on imported tea at its existing rate, but, since the company was no longer required to pay an additional tax in England, the Tea Act effectively lowered the price of the East India Company’s tea in the colonies.

Detailed explanation-2: -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-3: -Provisions of the Tea Act This required the British East India Company to pay a tax per pound of tea sold which added to the company’s financial burdens. The Tea Act aborted this restriction and granted the British East India Company license to export their tea to the American colonies.

Detailed explanation-4: -The Tea Act stated that colonists had to buy all their tea from CHINA. The COERCIVE Acts called for a blockade of Boston Harbor until the tea destroyed in the Boston Tea Party was paid for. All the colonies, except VIRGINIA, met in the First Continental Congress and decided to ban all trade with England.

Detailed explanation-5: -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. The event was the first major act of defiance to British rule over the colonists.