How did the colonists react to the British East India Company monopoly?

How did the colonists react to the British East India Company monopoly?

The 1773 Act gave the British East India Company a monopoly on British Tea, so it had control over all tea sold in the colonies. Even though the price of tea was lowered, the colonists were angry because they were forced to buy only British East India Company’s tea and no longer could buy any tea they wanted.

Why were the colonists angered by the tea monopoly granted to the East India Company?

Due to boycotts and protests, the Townshend Revenue Act’s taxes were repealed on all commodities except tea in 1770. 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 did the colonists react to the Tea Act quizlet?

They were upset because now the British East India Company had possession or Control on tea sales in the colonies and they still had to pay taxes on the tea. They dumped loads of tea overboard on ships nad they loaded it on ships. The colonists called them intolerable acts.

Why the Boston Tea Party happened?

The midnight raid, popularly known as the “Boston Tea Party,” was in protest of the British Parliament’s Tea Act of 1773, a bill designed to save the faltering East India Company by greatly lowering its tea tax and granting it a virtual monopoly on the American tea trade.

How much is a pound of tea worth?

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

How did the British respond to the Boston Tea Party?

The British response to the Boston Tea Party was to impose even more stringent policies on the Massachusetts colony. The Coercive Acts levied fines for the destroyed tea, sent British troops to Boston, and rewrote the colonial charter of Massachusetts, giving broadly expanded powers to the royally appointed governor.

What was the most important historical consequence of the Boston Tea Party?

A major consequence of the Boston Tea Party was the Coercive Acts passed in 1774, called the Intolerable Acts by Americans.

How much did the Boston Tea Party waste?

How much did the Boston Tea Party waste? On this evening, Dec. 16, in 1773, dozens of colonists boarded three ships laden with East India Company tea and dumped the entire stock — 45 tons of tea, worth roughly $1 million in today’s economy — into the harbor to protest Parliament’s recent Tea Act.

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