Question

What was the tea act and why was it established ?

Answer 1

On April 27, 1773, the British Parliament passes the Tea Act, a bill designed to save the faltering East India Company from bankruptcy by greatly lowering the tea tax it paid to the British government and, thus, granting it a de facto monopoly on the American tea trade. Lmk

Answer 2

In 1773 it was establised by the British Parliament to essentially save the East India Company from bankruptcy. It greatly lowered the Tea Tax it paid to the government. It was a tea tax on any imported tea from Britain. The effect of this? The Sons of Liberty organized a protest against the Tea Act known as the Boston Tea Party. They dumped 342 chests of tea, imported by the British East India Company into the harbor. They declared the famous "taxation without representation" slogan while doing so.

Hope this helps.