He miscalculated the size of the Earth by more than half.
Its called The Tea act and they did that because they imposed no new taxes on the American Colonies. Also the tea angered the American colonists which has been placed since 1767, the Americans where angry becase the British did monopoly on the tea. Sowwy if im wrong
If you're referring to the Great Depression, after the stock market crash, many banks lost money and closed. If you're referring to the recent recession, they lost money and became government-run.
