USA HISTORY

THE VIRGINIA DYNASTY 1801 1825

EMBARGO OF 1807

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Was the Embargo Act of 1807 successful?
A
yes
B
no
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -The embargo proved to be a complete failure. It failed to improve the American diplomatic position, highlighted American weakness and lack of leverage, significantly (and only) damaged the American economy, and sharply increased domestic political tensions.

Detailed explanation-2: -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.

Detailed explanation-3: -4 Reasons the Embargo Act of 1807 Failed. 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: -Agricultural prices and earnings fell. Shipping-related industries were devastated. Existing markets were wrecked. Unemployment increased.

Detailed explanation-5: -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. Instead, the act had a devastating effect on American trade.

There is 1 question to complete.