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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they ended up in debt
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they died
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Either A or B
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None of the above
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Detailed explanation-1: -The American economy was suffering and American public opinion turned against the embargo. Moreover, goods continued to reach Great Britain through illegal shipments and British trade was not suffering as much as the framers of the embargo had intended.
Detailed explanation-2: -The Embargo Act of 1807 was an attempt by President Thomas Jefferson and the U.S. Congress to prohibit American ships from trading in foreign ports. It was intended to punish Britain and France for interfering with American trade while the two major European powers were at war with each other.
Detailed explanation-3: -Agricultural prices and earnings fell. Shipping-related industries were devastated. Existing markets were wrecked. Unemployment increased.