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On this day in 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

the parliament pass the acts and were sort of the kings government, the tax on goods resulted from the french and indian war that caused england to go into great dept. As a result, the tea act, sugar act, and many others were born

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