Who hated the Tea Act?

The British government granted the company a monopoly on the importation and sale of tea in the colonies. The colonists had never accepted the constitutionality of the duty on tea, and the Tea Act rekindled their opposition to it.

Who was involved in the Tea Act?

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.

Why did colonists hate the Tea Act?

Many colonists opposed the Act, not so much because it rescued the East India Company, but more because it seemed to validate the Townshend Tax on tea. These interests combined forces, citing the taxes and the Company’s monopoly status as reasons to oppose the Act.

Why was the Tea Act wrong?

The passing of the Tea Act imposed no new taxes on the American colonies. Besides the tax on tea which had been in place since 1767, what fundamentally angered the American colonists about the Tea Act was the British East India Company’s government sanctioned monopoly on tea.

How much did tea cost in 1773?

The amount of tea dumped into the harbor would make 24,000,000 cups of tea. Today, that much tea would cost about $1,000,000.00!

How much was the tax that caused the Boston Tea Party?

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.

What caused the Boston Tea Party?

What caused the Boston Tea Party? Many factors including “taxation without representation,” the 1767 Townshend Revenue Act, and the 1773 Tea Act. The American colonists believed Britain was unfairly taxing them to pay for expenses incurred during the French and Indian War.

What started the Boston Tea Party?

What caused the Boston Tea Party? Many factors including “taxation without representation,” the 1767 Townshend Revenue Act, and the 1773 Tea Act. In simplest terms, the Boston Tea Party happened as a result of “taxation without representation”, yet the cause is more complex than that.

What really caused the Boston Tea Party?

What caused the Boston Tea Party? Many factors including “taxation without representation,” the 1767 Townshend Revenue Act, and the 1773 Tea Act. Additionally, colonists believed Parliament did not have the right to tax them because the American colonies were not represented in Parliament.

How much is a pound of tea worth?

1 pound makes 181 cups of tea. times, 55 cents/3 = 18 cents.

How much money was the tea worth in today’s dollars?

The damage the Sons of Liberty caused by destroying 340 chests of tea, in today’s money, was worth more than $1,700,000 dollars. The British East India Company reported £9,659 worth of damage caused by the Boston Tea Party.

Is there still tea in Boston Harbor?

What happened after the Tea Party? Boston Harbor was shut down. For weeks after the Boston Tea Party, the 92,000 pounds of tea dumped into the harbor caused it to smell. As a result of the Boston Tea Party, the British shut down Boston Harbor until all of the 340 chests of British East India Company tea were paid for.

What was the Tea Act and what did it do?

The Tea Act. The Tea Act, passed by Parliament on May 10, 1773, would launch the final spark to the revolutionary movement in Boston. The act was not intended to raise revenue in the American colonies, and in fact imposed no new taxes.

How many people participated in the Boston Tea Party?

Through oral tradition, old family stories and some documentation, an incomplete list of 175 names was pieced together and published in a book titled, Tea Leaves, by Francis Drake in 1884 as well as in the 1973 Boston Globe 200th Anniversary Boston Tea Party Special Section:

Where did the surplus tea go after the Tea Act?

With the passing of the Tea Act, the seventeen million pounds of unsold surplus tea the British East India Company owned could be sold to markets in the American colonies. The tea was to be shipped to the American colonies and sold at a reduced rate. The Townshend Revenue Act tea tax remained in place despite proposals to have it waived.

How did the Tea Act affect the British East India Company?

Prior to the Tea Act, the British East India Company Tea was required to exclusively sell its tea at auction in London. This required the British East India Company to pay a tax per pound of tea sold which added to the company’s financial burdens.