Tagged: east india company
Article · Trade & Tariffs
The Tea Dumped in Boston Harbor Was on Sale
Parliament's 1773 rescue of a nearly insolvent East India Company cut the price of tea reaching the American colonies. The protest that followed was against a monopoly and a tax precedent, not against a high price.
Article
The Tea Heist Everyone Remembers Wrong
In 1848 a disguised Scottish botanist smuggled 20,000 tea plants out of China for the East India Company. Most of them died. The workers and the know-how he brought with them are what actually broke China's tea monopoly.