Steve WartAs revenues collapsed due to the, er, lack of workers, costs spiked sharply, and there was a run on the shares of the EIC. The British government decided they were too big to fail and decided to sharply increase taxes on the colonies in North America, where they were much lower than in Britain. Some colonists got upset, dressed up as natives, and dumped the cargo of several ships filled with tea into the Boston Harbour.
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