THE VIRGINIA DYNASTY 1801 1825
THE MONROE DOCTRINE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
It hurt the U.S. more than it hurt Britain or France. Many farmers, traders, and merchants weren’t able to sell their products
|
|
|
The European economy was hurt too badly, creating more enemies of the U.S.
|
|
|
European shipping was hurt badly by the presence of the American Navy on the Atlantic Ocean
|
|
|
U.S. manufacturing profited too much causing farmers to complain about the policy
|
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: -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.
Detailed explanation-3: -What were the reasons for the failure of the Embargo Act ? without trade they lost money. Why do you think the embargoes against Britain failed? Because if we don’t trade, we don’t goods, therefore, no money.
Detailed explanation-4: -American merchants lost huge amounts of money because of the act, which prevented merchants from selling goods to either nation. In 1809 Congress replaced the embargo with the Non-Intercourse Act. That law did not work either.