THE ROAD TO REVOLUTION 1700 1774
THE BOSTON TEA PARTY INTOLERABLE ACTS FIRST CONTINENTAL CONGRESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The East India Company would lower the price of tea in Britain and its colonies.
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The East India Company would standardize the price of tea in Britain and its colonies.
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Only the East India Company was allowed to sell tea in Britain and its colonies.
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Britain would not tax the East India Company on tea sold in Britain and its colonies.
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Detailed explanation-1: -In the early 1700s, the British government made a special deal with the East India Company, an English organization doing trade in the East Indies. They granted the East India Company a monopoly on tea by agreeing that no other company was allowed to sell tea in Britain or its colonies.
Detailed explanation-2: -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Detailed explanation-3: -Due to boycotts and protests, the Townshend Revenue Act’s taxes were repealed on all commodities except tea in 1770. The tea tax was kept in order to maintain Parliament’s right to tax the colonies.
Detailed explanation-4: -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-5: -In an effort to help the financially troubled British East India Company sell 17, 000, 000 pounds of tea stored in England, the Tea Act rearranged excise regulations so that the company could pay the Townshend duty and still undersell its competitors.