1 June 1774: Britain closes the US port of Boston

The Boston Port Act came in to force on this day in 1774, closing the American port of Boston to all shipping and stoking resentment in the 13 colonies.

The sight of 340 chests of tea bobbing up and down in the water is enough to make a Briton cry. But not only was it a shocking waste of a cuppa, it was also darn expensive. By the British East India Company's reckoning, the 92,000 pounds of tea that was tipped over board in December 1773 cost them £9,659.

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Chris Carter
Wealth Editor, MoneyWeek