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The Boston Tea Party At Grade School Essay

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Can you imagine in today’s society, being told who you had to buy a product or service from regardless of what you thought? We remember learning about the story of The Boston Tea Party in grade school. The Boston Tea Party, was this the act of an angry mob, or was it the action of people defending their rights against Britain’s unfair tea tax? The colonists were told (by the Great Britain Government) they could only buy tea from a particular company that had high taxes. The tea that was loaded on three British ships (Beaver, Eleanor, and Dartmouth) were attacked and emptied of it’s tea cargo into the ocean. The reason for the high tax was to cut the amount of tea surplus the East India Trading Company had (Anderson, Dale., 2006). Tariffs are taxes enforced on the importing of goods and services (McEachern, W. A., 2015). If there is a tax increase on imported goods or services, then producers could increase the price of the good to make up the difference. The Tariff Act of 1789 was signed by President George Washington. This was the first significant Act passed in the United States. The purpose of the Act was meant to protect trade and raise the federal governments revenue and to regulate Commerce with foreign nations (Malloy, M.P., 2004) The disadvantages of having tariffs is that they can increase prices of imported goods, reduces the quality of that particular good or service, and can minimize competition in that particular industry. The advantages of having

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