USA HISTORY

THE VIRGINIA DYNASTY 1801 1825

THOMAS JEFFERSONS PRESIDENCY LOUISIANA PURCHASE LEWIS CLARK AND MORE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What impact did the Embargo Act of 1807 have on the US economy?
A
The economy suffered without trade
B
The economy improved
C
There was no effect on the economy
D
Jefferson was impeached
Explanation: 

Detailed explanation-1: -The embargo effectively throttled American overseas trade. All areas of the nation suffered. In commercial New England and the Middle Atlantic, ships sat idle. In agricultural areas, particularly the South, farmers and planters could not sell crops internationally.

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: -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-4: -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-5: -How did the Embargo Act of 1807 affect the United States? It increased unemployment in the United States. What did British soldiers do once they entered Washington, D.C., in 1814? They set fire to much of the city, including the White House.

There is 1 question to complete.