The Tea Act.
cant afford it
The Tea Act.
Tea act because they sold their extra tea to the colonies without having to pay taxes witch made them cheaper over all, making merchants not being able to match their price.
It began when Elizabeth I granted a company of 218 merchants a monopoly of trade to the east of the Cape of Good Hope in 1600.
It allowed the British East India Company to ship tea to the colonies without having to pay the taxes that colonial tea merchants had to pay. That allowed the Company to sell tea very cheaply, but it also threatened to drive the colonial merchants out of business.
The east india was a group of individual made by th queen elizabeth
jamestown
New Amsterdam
the tea act allowed the east india trading co (a british company) to have a tax break on selling tea but no tax break for the american merchants selling tea
The English East India Company was formed in 1600 by a group of merchants in London, seeking to capitalize on trade opportunities in the East Indies, particularly in spices and silk. The company received a royal charter from Queen Elizabeth I, granting it a monopoly on English trade in the region. Over time, it expanded its influence and control over large parts of India and played a significant role in British colonial expansion.
The Tea Act of 1773 allowed the East India Company to export tea directly to the American colonies, bypassing colonial merchants and reducing the price of tea. This act aimed to help the financially struggling company by granting it a monopoly on tea sales in the colonies. However, it also fueled colonial resentment against British taxation and control, ultimately contributing to events like the Boston Tea Party.
By 1860 colonial control of most of India had been achieved by the East India Company