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On May 10, 1773, British Parliament passed The Tea Act.
What about the tea American Merchants sell? How will we compete?
We have all this tea lying around let's sell it in the Colonies tax free.
We'll add a 3% on all American Merchant tea.
The East India is on the verge of Bankruptcy. What shall we do?
Parliament Meeting Room
Under New Regulations setup by Parliament, The Tea Act will put a 3% tax on all America Tea and British Tea will be Tax fee.
This is a monopoly.
Malarkey I tell you Malarkey.
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