It was designed to prop up the east india company which was floundering.
Get Drawing Tea Act 1773 Images. The tea act received royal assent on may 10, 1773. The principal objective was to reduce the massive amount of tea held by the financially troubled british east india company.
Building An Emotional Connection With Your Audience ... from www.vanseodesign.com
It allowed the british east india company to sell tea to the american colonies at a price lower than that of smuggled tea and to create a monopoly of the tea trade in the colonies. The east india company was granted a licence to export tea to north america. Tea tax is passed by parliament to rescue the bankrupt british east india company by allowing it to ship tea directly to america, and with a lowered duty (import tax).
Learn about tea act 1773 with free interactive flashcards.
The tea act was started in 1773. The east india company was granted a licence to export tea to north america. The act contained a number of provisions: Passage of the tea act facts • east india co.
