Tea Monopoly

The Tea Monopoly refers to a historical situation where a single entity, notably the British East India Company in the 18th century, controlled the production and sale of tea. This monopoly allowed the company to regulate prices and eliminate competition, leading to an unfair market. The situation sparked discontent among colonists in America, culminating in events like the Boston Tea Party in 1773, where colonists protested against the monopoly by dumping British tea into Boston Harbor. The Tea Monopoly is often cited as a key factor in the growing desire for independence from British rule.