Economic consequences of tea act (1773) included a/an decrease in the price of tea in the colonies and a/an decrease in the revenues of colonial tea wholesalers.
The act granted the company the right to ship its tea directly to the colonies without first landing it in England, and to commission agents who would have the sole right to sell tea in the colonies.
The Tea Act led directly to a protest known as the Boston Tea Party. In that incident, the colonists dumped 342 chests of East India Company tea into the ocean. The Boston Tea Party was one of the events that led to the American Revolution.
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