USA HISTORY

Detailed explanation-1: -Jefferson’s Embargo Act outlawed trade between America and any foreign port, effectively closing in the American economy. The Embargo Act was one of the major factors leading up to the War of 1812 as it ended up increasing the hostilities that already existed between America and Britain.

Detailed explanation-2: -Economically, the embargo devastated American shipping exports and cost the American economy about 8 percent in decreased gross national product in 1807. With the embargo in place, American exports declined by 75%, and imports declined by 50%-the act did not completely eliminate trade and domestic partners.

Detailed explanation-3: -Although the embargo was successful in preventing war, its negative consequences forced President Jefferson and Congress to consider repealing the measure. The American economy was suffering and American public opinion turned against the embargo.

Detailed explanation-4: -After the War of 1812 and the lack of foreign goods due to the Embargo of 1807, America needed to manufacture its own goods. It needed to be able to support itself. It needed economic independence. The Embargo Act of 1807 and the War of 1812 were the springboard for the Industrial Revolution.

Detailed explanation-5: -The embargo proved more detrimental to the United States than to its intended victims. The nation fell into a depression worse than any experienced since the early colonial days. Farm prices fell sharply, shippers suffered, harbors filled with idle ships, and nearly 30, 000 sailors found themselves jobless.