THE VIRGINIA DYNASTY 1801 1825
EMBARGO OF 1807
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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smuggling trade.
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pugs
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his position
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None of the above
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Detailed explanation-1: -Agricultural prices and earnings fell. Shipping-related industries were devastated. Existing markets were wrecked. Unemployment increased.
Detailed explanation-2: -The embargo had little effect in Europe, but it imposed an unpopular restriction on New England merchants and exporters (see Hartford Convention). Legislation passed in 1809 lifted the embargo, but continued British interference with U.S. shipping led to the War of 1812.
Detailed explanation-3: -There were four primary reasons the Embargo Act of 1807 failed: a lack of political willpower, unpopularity in New England states, intricate smuggling operations, and the overall damage to the American economy.
Detailed explanation-4: -On December 17, 1813 President James Madison signed the Embargo Act of 1813 into law. This added four new restrictions to the existing embargoes. All American ships and good were prohibited from leaving port. All commodities customarily produced in the British Empire were banned.