- To help the financial conditions of the ailing East India Company (faced economic collapse after the Seven Years of Wars).
- The Act eliminated the Customs Duty on Company’s Tea and permitted its direct export to America.
- Dropping the Customs Duty would allow the East India Company to sell its tea for a cost less than Smuggled Dutch tea.
- Some Colonists considered the Act as a cunning way to get the Americans to pay the hated Townshend duty on tea by undercutting the price of smuggled Dutch tea.
-
Background Of Unification Of Italy
iTopper, , UPSC STUDY MATERIAL, 0
BASIC BACKGROUND Italy was first united by Rome in the third century B.C. It remained for over 700 years...
-
GRENVILLE’S POLICY, 1765
iTopper, , UPSC STUDY MATERIAL, 0
The Prime Minister Grenville framed the policies with the following objectives: The aim of the tax was to help...
-
Asoka and Buddhism
iTopper, , UPSC STUDY MATERIAL, 0
About 261 BCE, Asoka became a Sakya Upasaka (lay disciple) and two and a half years later, a Bikshu...
-
Spread of Jainism
iTopper, , UPSC STUDY MATERIAL, 0
Mahavira organized the Sangha to spread his teachings He admitted both men and women in the Sangha, and it...
-
Franco-Prussian War (1870-71)
iTopper, , UPSC STUDY MATERIAL, 0
Bismarck wanted to unite all German speaking states into one nation state. By 1870, all the German states which...
-
Mathura School Of Art
iTopper, , UPSC STUDY MATERIAL, 0
It flourished in the first century CE The Buddha images exhibit the spiritual feeling in his face which was...
-
Schools Of Indian Philosophy And Their Founders
iTopper, , UPSC STUDY MATERIAL, 0
Schools Of Indian Philosophy ( Shad Darshanas ) School Founder Sankhya Kapila Yoga Patanjali Nyaya Akshapada Gautama Vaishesika...
-
Mauryan Administration Central government
iTopper, , UPSC STUDY MATERIAL, 0
The ascendancy of the Mauryas had resulted in the triumph of monarchy in India Kautilya supported the monarchical form...