Everything about Tea Act totally explained
The
Tea Act was an
Act of the
Parliament of Great Britain (13 Geo III c. 44,
long title An act to allow a drawback of the duties of customs on the exportation of tea to any of his Majesty's colonies or plantations in America; to increase the deposit on bohea tea to be sold at the East India Company's sales; and to empower the commissioners of the treasury to grant licences to the East India Company to export tea duty-free.), passed on May 10th, 1773.
Previously, the East India Company had been required to sell its tea exclusively in London on which it paid a duty which averaged two shillings and six pence per pound. The East India company would now be allowed to export its tea directly to the colonies without paying the taxes it was paying in London "to export such tea to any of the British colonies or plantations in America, or to foreign parts, discharged from the payment of any customs or duties whatsoever", and instead only required to pay the
Townshend import duty of three pence a pound.
This Act was intended to aid the company's finances, which were close to collapse because it was paying the British government £400,000 pounds per year, war and famine in
India and economic weakness in
European markets.
Benjamin Franklin proposed to the British government the idea of eliminating the tax on tea as a way to help the East India company. Britain expected the colonists to be happy to be paying less for their tea. Before this Act, smugglers imported 900,000 pounds of cheap foreign tea a year. The quality of the smuggled tea didn't match the quality of the dutiable East Indian Tea of which the Americans bought 562,000 pounds per year. The colonists knew the British wanted to coerce them from
boycotting British goods, which hurt their
economy. However,some colonists deemed the tea "unfavorable". Although the British tea was more appealing in taste, some
Patriots began to drink tea produced in the colonies. This did not, however, achieve its complete expected result of damaging the British tea trade.
The East India Trading Company was a favored monopoly with a lobby in Parliament. Ultimately, this act led to widespread
boycotts of tea throughout the colonies, and, eventually, to the
Boston Tea Party where American colonists, believed to be the
Sons of Liberty, dressed up like Native Americans and threw 342 crates of tea from the
East India Company ships
Dartmouth, the
Eleanor, and the
Beaver into
Boston Harbor. In Britain, even those politicians considered friends of the colonies were appalled and this act united all parties there against the colonies. This act, and the retaliatory measures taken by the British government afterwards, united the colonies even more in their frustrations against Britain, and was one of the many causes of the
American Revolution. The tax on the tea was a penny, while the average wage in New England was between one and two shillings per day. After the Boston tea party, Britain decided to close down the Boston Harbor until the tea was further paid for.
The Act was repealed by the
Taxation of Colonies Act 1778.
Footnotes
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