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: -Agricultural prices and earnings fell. Shipping-related industries were devastated. Existing markets were wrecked. Unemployment increased.

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: -Embargo Act, Legislation by the U.S. Congress in December 1807 that closed U.S. ports to all exports and restricted imports from Britain. The act was Pres. Thomas Jefferson’s response to British and French interference with neutral U.S. merchant ships during the Napoleonic Wars.

Detailed explanation-5: -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.