MAKING OF A NEW NATION 1776 1800
THOMAS JEFFERSON
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Americans
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France
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Britain
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Pirates
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Detailed explanation-1: -It hurt the American economy far more than the British or French, and resulted in widespread smuggling. Exports fell from $108 million in 1807 to just $22 million in 1808. Farm prices fell sharply.
Detailed explanation-2: -The act was a hardship on U.S. farmers as well as on New England and New York mercantile and maritime interests, especially after being buttressed by harsh enforcement measures adopted in 1808. Its effects in Europe were not what Jefferson had hoped.
Detailed explanation-3: -New England was hit hardest by the embargo since it was a region heavily involved in international commerce. Other commercial cities, such as New York and Philadelphia, also suffered from the embargo. Overall, American trade declined by up to 75 percent for exports and 50 percent for imports.
Detailed explanation-4: -The embargo effectively throttled American overseas trade. All areas of the nation suffered. In commercial New England and the Middle Atlantic, ships sat idle. In agricultural areas, particularly the South, farmers and planters could not sell crops internationally.
Detailed explanation-5: -Agricultural prices and earnings fell. Shipping-related industries were devastated. Existing markets were wrecked. Unemployment increased.