Due to the taxes on tea, many of the colonists began drinking coffee or cocoa, or bought tea smuggled in from Holland. Within a few years, the British tea trade with the colonists dropped from 900,000 pounds to 237,000 pounds and in England the warehouses of the East India Company were filled to overflowing. The East India Company was Britain’s largest and most important trading company and to save it, Parliament passed the Tea Act. The East India Company was given a monopoly on tea trade with the colonies — that is, it was the only company allowed to sell …
Read More »The Boston Tea Party 1773 -1774
