TEAACT
Tea Act
The Tea Act was an Act of the Parliament of Great Britain. Its principal overt objective was to reduce the massive surplus of tea held by the financially troubled British East India Company in its London warehouses and to help the struggling company survive. A related objective was to undercut the price of tea smuggled into Britain's North American colonies. This was supposed to convince the colonists to purchase Company tea on which the Townshend duties were paid, thus implicitly agreeing to accept Parliament's right of taxation. The Act granted the Company the right to directly ship its tea to North America and the right to the duty-free export of tea from ...The above text is a snippet from Wikipedia: Tea Act
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