WORLD HISTORY

Detailed explanation-1: -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-2: -Tea Act. By reducing the tax on imported British tea, this act gave British merchants an unfair advantage in selling their tea in America. American colonists condemned the act, and many planned to boycott tea. Boston Tea Party.

Detailed explanation-3: -The act was not intended to raise revenue in the American colonies, and in fact imposed no new taxes. It was designed to prop up the East India Company which was floundering financially and burdened with eighteen million pounds of unsold tea.

Detailed explanation-4: -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.

Detailed explanation-5: -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.