Historical Context:British Crown Corporations began operating in North America with the start of
European settlement. These Crown Corporations, also known as colonial corporations, were a tool to export wealth back to the stockholders and the monarch that chartered them. Colonial anger and resentment against corporate power grew as the English Parliament introduced measures that protected trade by Crown corporations over that of local colonial merchants. In direct protest against Parliament's tax protections that subsidized the East India Company, colonists organized an act of civil disobedience that came to be known as the Boston Tea Party. In that one act of property destruction, colonists destroyed the equivalent of one million dollars of the Company's property. Question:Can you make the argument that perhaps more than destruction of property, the Sons of Liberty actually destroyed a monopolistic system and - while still in its nascent stage - established the foundation for a market-driven system? Discuss!
The Boston Tea Party emerged as an act of defiance and a political protest in Massachusetts against the... View the full answer