THE VIRGINIA DYNASTY 1801 1825
EMBARGO OF 1807
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
False
|
|
|
True
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -President Thomas Jefferson hoped that the Embargo Act of 1807 would help the United States by demonstrating to Britain and France their dependence on American goods, convincing them to respect American neutrality and stop impressing American seamen.
Detailed explanation-2: -Congress passed an embargo act in 1807 in retaliation, prohibiting U.S. vessels from trading with European nations, and later the Non-Intercourse Acts, aimed solely at France and Britain.
Detailed explanation-3: -At Jefferson’s request the two houses of Congress considered and passed the Embargo Act quickly in December 1807. All U.S. ports were closed to export shipping in either U.S. or foreign vessels, and restrictions were placed on imports from Great Britain.
Detailed explanation-4: -The embargo was an unpopular and costly failure. 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.