The Tea Act 1773
East India tea makes taxes worth it for me!
Explanation if the Act
- The act makes all tea import to the colonies cost to the congress.
- It raises tariffs on import tea.
- It also gives the East India company absolute power over the tea industry.
- The Company is no longer required to sell tea at the London Tea Auction.
- It decreases the price of the tea, but you may only buy British tea.