The British East India Company

The VOC monopolized the particular fields that they traded in such as spices which was 60 percent of world trade (Anderson, James 205). They traded 6 million pounds of cargo annually from countries all over the world. For example they exported copper from Japan, silver “Rupees” from India, and textiles from across the globe (Anderson, James 208). The VOC received these natural resources through treaties. As they proposed treaties, less powerful countries would not deny a trade agreement, for fear of the VOC’s power and dominance. Countries like Japan were often thrusted into agreements that may not have been mutually beneficial (Taylor, Larissa 74). By monopolizing these important natural resources the Dutch East India Company controlled important aspects of the economy like prices and quantity available. The Dutch East India company did not grow to become such an influential power overnight. Through the introduction of stocks they allowed people to invest in their business. They assisted in forming the first and oldest stock exchange in Amsterdam, Netherlands ("Dutch East India Company (DEIC)/VOC | South African History Online"). This paved the way for stock exchanges to become a common part of the modern world. The VOC grew immensely over the course of a short time period. At their peak they had thousands of employees, hundreds of ships, half a dozen shipyards in the

In 1773, Parliament aroused the Americans by passage of the Tea Act. This act, designed to help the East India Company by making it cheaper for them to sell tea in America, was interpreted by Americans as a subtle ploy to get them to consume taxed tea. In Boston, in December 1773, a group of men dumped the tea into the harbor.

The act’s main purpose was not to raise revenue from the colonies but to bail out the floundering East India Company, a key actor in the British economy.The British government granted the company a monopoly on the importation and sale of tea in the colonies.The colonists had never accepted the constitutionality of the duty on tea, and the Tea Act rekindled their opposition to it. Their resistance culminated in the Boston Tea Party on December 16, 1773, in which colonists boarded East India Company ships and dumped their loads of tea

This act was put in place as an example not to go against British rule but had the negative affect. This act angered them so much that it

Before 1448, European had to use the Silk Road to trade with Asia. In 1453, Muslim took over Constantinople; the only way to Asia had been cut. European nations started to use the Maritime way, and they took over many places in Asia as their access to an easier trade system. Among these European nations, like what they did to America, their goals and the way they achieved their initiatives in Asia are different from one another. Portuguese was the first group that explored the way to Asia without going through Muslims.

The creation of The Tea Act was the major leading cause of The Boston Tea Party. It all started in 1760 when Francis Bernard wanted to reinforce The Molasses Act (Middlekauff, 88). This led to the creation of multiple other acts, the most prominent being The Tea Act. It was meant

The British parliament passed four policies during 1765 to 1767, Stamp Act, Quartering Acts, Townshend Duty Act and Declaratory Act. They were all approved after French and Indian War. Because of the British troops won the battle with French in North American in 1763, as a matter of course British took place lands that had belonged to France. In order to control these lands well, British government passed these four laws. But these laws didn’t achieve the desired results.

The colonies were already restricted in terms of trade by the Navigation Acts, yet after years of abiding by these rules, the British parliament enabled the tea act. The main incentive of the tea act was to have British tea companies overtake the tea companies in the colonies by taking out the tax they had to pay (document 13).As if it weren't heinous enough that the American colonies could only trade with Britain, but now the British were trying to defeat their businesses. Document 13 further elaborates the fact that the tea act was singularly manifested for the benefit of the English business. Such acts would represent the Crown as one who stands for anti-American business, and giving the colonies even more reason to separate. Additionally, another example of an act that represents the colonies justification in separating from the crown was the Stamp Act. According to document 2, “Never did the British Parliament [until the passage of the Stamp Act] think of imposing duties[taxes] in America for raising revenue.” The British parliament was practically manipulating the colonies into fueling their funds. The British government technically abusing their power to receive income by utilizing the

This act threw out the colonial currency. It also made a court that was meant to prosecute smugglers and the like however it was skewed to serve British interests. The colonists responded with protest.

A question often contemplated, but never concluded: Is the effective rule of an alien power bette that the mismanaged one of your own? This was the case for the people of India during British colonial rule. India was the largest and most significant colony that was controlled at the height of the British Empire. Because of its vast quantities of cotton, tea and indigo, the British East India Company began to take over Indian cities in 1757, essentially establishing a monopoly over trade. When British sepoys rebelled against the East India Company in 1857, both the East India Company and the British military took over the entire country of India. Despite many Indians remaining illiterate, British rule in India was efficient, affluent and contributive.

The Tea act was extended by the British Parliament in 1773 to reduce the tax on tea shipped to the dependencies. The Act was one of many measures imposed on the American colonists by the British regime. The Act imposed a tax on tea imported to the colonies by a company that Great Britain had set up for that role. That society owned the sole right to import tea to the settlements, so almost all tea consumed by colonists would be taxed. They were so furious that they boycotted tea altogether.

The British originally came in as a decent sized company in East India, but when the sepoys attacked that company, England sent their whole army and navy to get the sepoys under control, but while doing that they also took over all of India. Although economically and socially the Indians did benefit in some ways, the British established a massive infrastructure by controlling India and having a huge political, economic, and social impact on India that helped them more than it helped the Indians.

With the new, young, and immature king came some doubts and insecurities as he ran through ministers quite rapidly (Davidson, DeLay, Heyrman, Lytle, Stoff, 2015). This allowed Grenville to be removed as first minister and replaced with an individual who was actually against this taxation of colonials. Resistance and repeal also proved that virtual representation back in the colonies would not stand, and there needed to be a new system in place. Even with the repeal of the Stamp Act and a sense of victory, the British Empire was quick to accompany the repeal with another act. Parliament passed the Declaratory Act, asserting that it had the power to make laws for the colonies “in all cases whatsoever” (Davidson, DeLay, Heyrman, Lytle, Stoff, 2015). It didn’t seem to bother the colonist, though, as they still believed that the British Empire had no right to impose taxes on colonies in the American and stood by that belief.

The Tea Act was also approved. It was approved by British Parliament on May 10, 1773. It was designed to increase revenue and there was no new tax on tea. The purpose behind it was to aid the East India Company. It was to give them the right to sell tea to create a monopoly. Colonist recognized it as another means of “taxation without representation.” It eliminated the middlemen. The tea would be sold at a reasonable

1773- The Tea Act Gave the British a monopoly on American tea imports. The British now had complete control of the market and the prices of the tea.