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: -American colonists were outraged over the tea tax, which had existed since the 1767 Townshend Revenue Act and did not get repealed like the other taxes in 1770, and believed the Tea Act was a tactic to gain colonial support for the tax already enforced.

Detailed explanation-3: -The Act granted the Company the right to directly ship its tea to North America and the right to the duty-free export of tea from Britain, although the tax imposed by the Townshend Acts and collected in the colonies remained in force. It received the royal assent on May 10, 1773.

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.