Paul Sorrells

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In May 1773, Parliament, at the request of the EIC, passed the Tea Act. It imposed no new taxes, but rather allowed the Company, for the first time, to import tea directly from Asia into America. The act cut the price of tea in half and was therefore a boon to colonial consumers.2 The middlemen cut out by the act, local smugglers and tea merchants, were not as happy with the new legislation. When news of its passage arrived in Boston in September 1773, these two groups took action against the “unfair foreign competition” from the EIC.
A Splendid Exchange: How Trade Shaped the World
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