The colonists <span>never accepted the constitutionality of the duty on </span>tea<span>, and the </span>Tea Act<span> rekindled their opposition to it. Their resistance culminated in the Boston </span>Tea<span> Party on December 16, </span>1773<span>, in which </span>colonists<span> boarded East India Company ships and dumped their loads of </span>tea<span> overboard.</span>
It caused the Great Depression, since people invested in buying luxurious things, which caused a great amount of debt for themselves. Rising debt led to restrictions on new loans, more bankruptcies, etc.
Conquered China and korea