Consequently, what led up to the Boston Tea Party?
American colonists, frustrated and angry at Britain for imposing “taxation without representation,” dumped 342 chests of tea, imported by the British East India Company into the harbor. The event was the first major act of defiance to British rule over the colonists.
Subsequently, question is, what was a major effect of the Boston Tea Party? As a result of the Boston Tea Party, the British shut down Boston Harbor until all of the 340 chests of British East India Company tea were paid for. This was implemented under the 1774 Intolerable Acts and known as the Boston Port Act.
Thereof, why did the colonists not like the Tea Act?
Many colonists opposed the Act, not so much because it rescued the East India Company, but more because it seemed to validate the Townshend Tax on tea. These interests combined forces, citing the taxes and the Company's monopoly status as reasons to oppose the Act.
How much was the tea in the Boston Tea Party worth?
It's estimated that the protestors tossed more than 92,000 pounds of tea into Boston Harbor. That's enough to fill 18.5 million teabags. The present-day value of the destroyed tea has been estimated at around $1 million.