6. Boston Tea Party and the reactions in colonies and parliament
The Tea Act of May1773 was enacted for the purpose of providing economic aid to the East India Company. High import fees led to the smuggling of non-Britain goods (Dutch tea) which subsequently resulted in the East India Company going into debt and holding a big surplus of tea that no one would buy. Since Britain needed this company they were given a loan and the cancelled the import fees. As a result the tea from the East India Company would be cheaper than the smuggled tea. This infuriated radical patriots who claimed the British were bribing settlers into supporting the tea tax. Merchants were also angry, they were going to be excluded from the trade because the company wanted
The Tea Act of May1773 was enacted for the purpose of providing economic aid to the East India Company. High import fees led to the smuggling of non-Britain goods (Dutch tea) which subsequently resulted in the East India Company going into debt and holding a big surplus of tea that no one would buy. Since Britain needed this company they were given a loan and the cancelled the import fees. As a result the tea from the East India Company would be cheaper than the smuggled tea. This infuriated radical patriots who claimed the British were bribing settlers into supporting the tea tax. Merchants were also angry, they were going to be excluded from the trade because the company wanted