Answer:
The tea act was passed in the year 1773. This act granted the British East India Company Tea a monopoly on the tea sales in the American colonies. This policy cause a lot of resentment in the American colonists. The passing of the Tea Act imposed no new taxes on the American colonies. The tax on the tea had already existed. But this tea tax was passed in order to maintain the Parliaments’s right to tax the colonies. It was in order to bail out the British East India Company out of debt. Because of the act, there was almost seventeen million pounds of surplus tea that had to be sold in the American colonies.