We’ve all heard about the Boston Tea Party during our history classes, an event that shows the importance of Tea trading in World’s history.
In 1773, American colonists threw 342 containers of Tea from ships into Boston Harbor. The containers with 45,000 tons of Tea belonged to the British East India Company and the destroyed Tea was worth around £10,000 (The equivalent of a million dollars in today’s money).
The Americans were protesting both a tax on Tea (the Townshend Acts) and the monopoly of the East India Company. In 1773, The British Parliament passed a Tea Act that granted East India Company with a monopoly on all tea exported to the colonies, an exemption on the export tax, and a refund on duties owed on certain surplus quantities of Tea in its possession. It was stated that the Tea sent to the colonies had to be carried only in East India Company ships and sold only through its own agents, neglecting the independent colonial shippers and merchants.
The Boston Tea party was a key event for the Revolutionary war and an importance step to America’s independence.
Tea Party is a term that became synonymous of “protest” in American politics and the current Tea Party Movement is a reference to this event.
Happy Tea Break.