USA HISTORY

Detailed explanation-1: -In 1767, Charles Townshend (1725-67), Britain’s new chancellor of the Exchequer (an office that placed him in charge of collecting the government’s revenue), proposed a law known as the Townshend Revenue Act. This act placed duties on a number of goods imported into the colonies, including tea, glass, paper and paint.

Detailed explanation-2: -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-3: -The Stamp Act of 1765 taxed colonists on virtually every piece of printed paper they used, from playing cards and business licenses to newspapers and legal documents. The Townshend Acts of 1767 went a step further, taxing essentials such as paint, paper, glass, lead and tea.

Detailed explanation-4: -The British Parliament passed the Tea Act in May 1773. It reinforced a tea tax in the American colonies. The act also allowed the British East India Company to have a monopoly on the tea trade there. This meant that the American colonists were not allowed to buy tea from any other source.

Detailed explanation-5: -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.