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European economic gains during colonialism
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In the early 1600’s Queen Elizabeth granted the East Indian Company (EIC) its first charter. The EIC was the company that was to handle all the trading of goods in the East Indies (Carp, 7-8). The Company did so well that it helped with Europe’s economy, and “helped to support the government through payment of customs duties” (Carp, 8). Anyone who had any part to do with the EIC would accumulate a great amount of wealth. The EIC acquired most of its wealth through the trading of, “spices, silk, cotton, opium, gold, silver, and tea across enormous distances, paying out generous dividends to its shareholders” (Carp, 8). This was the reason for mostly everyone who had a part in the EIC would accumulate a great amount of wealth. Everything was …show more content…
Families held teatime as a peaceful household occasion; sometimes small number of guest would be invited. Tea became a ritual of etiquette behaviors for all family members. To partake in teatime meant that your family had great wealth and virtue (Carp, 56). While the middle class in America, “of tradesmen, professionals, and landowners couldn’t resist the chance to partake in the elite pastime” (Carp 56). The colonist wanted to be just like their fellow friends and family in Britain. They wanted to have all the same luxuries as them including teatime. While they might now have taken it as serious as them, with the tea ceremonies they still wanted to be able to have the opportunity to enjoy drinking tea. Men and women both drink plenty amounts of tea. Men found it arousing that, “woman’s pure, white hands—unsullied by dirt or sweat and busy pouring tea” (Carp, 62). The men found this so arousing since they were the ones doing the hard manual work, and when they saw the women pouring tea it meant for an ends day of hard work and also seeing them pour tea caused them …show more content…
The EIC had massive amounts of tea and the colonist in America loved tea. So the EIC directors began to lobbyist their ideas on how they could solve their problem. The thinking of the British Government and the EIC directors were to lower taxes on tea. Since the colonist loved drinking tea and they were buying from illegal sellers they figured this way they could make more money buy lowering their prices to make them lower than the illegal sellers. Even though the Tea Act lowered the price of tea, many people felt like the Tea Act was just a “seductive trick designed to get Americans to accept an offensive law” (Carp, 80). The Tea Act made many people upset and it got a lot of people involved in
In 1773, the Tea Act placed taxes on tea, threatening the power of the colonies. The colonies, however, fought back by pouring expensive tea into the Boston harbor in an event now known as the Boston Tea Party. The enraged Parliament quickly passed the Intolerable Acts, shutting down the port of Boston and taking control over the colonies.
It was obvious that the Colonists weren’t responding well to tighter control from the British, but they did not know how to handle it except to squeeze tighter. In an effort to bring back the East India Company from bankruptcy, the British Crown granted them a monopoly on tea sales to the American Colonies. Without competition, the East India Company had full control over the prices they set. This infuriated the colonists. Pamphlets and protests did not seem to be cutting it anymore, so some felt like action needed to be taken.
In May 1773, Parliament passed out the Tea Act. This act was designed to save the East India Company from bankruptcy.
By this point, the colonists were beginning to question Britain’s motives towards them. They believed they were being treated like slaves and being used solely for the economic growth of Britain. One night, in 1773, the colonists rebelled against these taxes on their tea. A group of men dressed as Native Americans boarded a ship at Boston Harbor and unloaded three vessels of taxed tea (Boston Tea Party). This event, known a...
In response to the Tea Act of 1773, the colonists had various reactions. The Tea Act was suggested by Lord North in order to save the East India Company from bankruptcy. This act also allowed the East India Company to bypass most of the taxes placed on tea, except for the Townshend Act tea tax. The Tea Act made the East India Company’s tea the cheapest, even with the tax. The colonists were
In the first few months of 1773 the British East India Company found it was sitting on large stocks of tea that it could not sell in England. It was on the verge of bankruptcy, and many members of Parliament owned stock in this company. (USA, 1) The Tea Act in 1773 was an effort to save it. The Tea Act gave the company the right to export its merchandise without paying taxes. Thus, the company could undersell American merchants and monopolize the colonial tea trade. By October, the Sons of Liberty in New York, Philadelphia, and Boston threatened tea imports and pledged a tea boycott.
On a cold December night, a group of townspeople stormed the ships in the Boston harbor and tossed 342 chests of tea into the ocean. This event is known by the Boston tea party, it was a protest of the colonists against the Tea Act which passed by the Parliament on May 10, 1773. This act granted the British East India Company Tea a monopoly on tea sales in the American colonies. Since the tea cargos were the only thing townspeople thrown overboard and they were really careful about the other things on the ship, they are sending a clear message: they are not going to pay the tax on tea. The colonists loved tea, they used it on daily basis. And it is
Britain decided to pull back most taxes except for the tea tax. Tea was important to the colonists
The East India trading company was in debt and asked parliament for assistance. Parliament made the Tea Act, which made imports of tea to the colonies from the trading company much cheaper than those from local sources. This angered the colonists because they could no longer compete with these prices and they feared that if they acquiesced to this new act, that others like it would soon follow. Groups like the Sons of Liberty and the Daughters of Liberty then organized protests and the boycotting of English goods, not just tea. The sons of liberty even boarded one of the trade ships in Boston harbor dressed as Indians and proceeded to dump all of the tea overboard in an event called the Boston Tea Party. Colonists in other port cities copied
“John Hancock organized a boycott of tea provided by the East India Company, which was subject to an import tax, and helped to enforce the boycott by smuggling tea in so that the colonists would not go without their favored beverage.” This is what resulted in the Tea Act. "The trade in tea with China that was the most viable in the 18th century. Tea accounted for more than 60% of the Company’s total trade in the late 1700's. Customs duty on tea was providing 10% of the British government's annual revenues.” The Tea Act being passed was not aimed to make the American colonists angry, but it made many mad. American colonists could buy no tea unless it came from the company. American colonists saw this law as yet another meaning of “taxation without representation” because it meant that they could not buy tea from anyone else without spending a lot more money. There was a bad reaction to the Tea Act.
The imperial tactics of the British Empire were exercised on the colonists through heavy taxes trade restrictions because of their mercantilist economy. The Stamp Act taxed the colonists directly on paper goods ranging from legal documents to newspapers. Colonists were perturbed because they did not receive representation in Parliament to prevent these acts from being passed or to decide where the tax money was spent. The colonists did not support taxation without representation. The Tea Act was also passed by Parliament to help lower the surplus of tea that was created by the financially troubled British East India Company. The colonists responded to this act by executing the Boston Tea Party which tossed all of the tea that was imported into the port of Boston. This precipitated the Boston Port Act which did not permit the colonists to import goods through this port. The colonists protested and refused all of these acts which helped stir the feelings of rebellion among the colonists. The British Mercantilist economy prevented the colonists from coin...
The English East India Company played a key role in the formation of Britain as an empire. Through transcontinental trade, the company acquired massive amounts of wealth, that trickled down to merchants, and skilled labourers throughout England. The monopoly granted to the Company on tea and saltpeter allowed the East India Company to assist in transforming Britain’s economy, as well as contributing to the political power of the growing English empire. James Frey’s article The Indian Saltpeter Trade, the Military Revolution, and the Rise of Britain as a Global Superpower outlines the growing importance of saltpeter as a war resource, and the connection
The Tea Act gave one British company the right to control all trade in tea with the colonies. Tea would be shipped to the colonists on this company's ships. It would be sold in the colonies by this company's merchants, while the colonists would still have to pay the tax on tea. This company was the East India Tea Company.The purpose of the Tea Act was not to impose higher taxes on the people but to rather bail out
One facet of this unique system involved the numerous economic differences between England and the colonies. The English government subscribed to the economic theory of mercantilism, which demanded that the individual subordinate his economic activity to the interests of the state (Text, 49). In order to promote mercantilism in all her colonies, Great Britain passed the Navigation Acts in 1651, which controlled the output of British holdings by subsidizing. Under the Navigation Acts, each holding was assigned a product, and the Crown dictated the quantity to be produced. The West Indies, for example, were assigned sugar production and any other colony exporting sugar would face stiff penalties (Text, 50). This was done in order to ensure the economic prosperity of King Charles II, but it also served to restrict economic freedom. The geographical layout of the American colonies made mercantilism impractical there. The cit...
Sea of Poppies is set Indian in 1838. The East India Company, yet to be control of it excesses by the British crown, is amassing unimaginable wealth growing