THE VIRGINIA DYNASTY 1801 1825
THOMAS JEFFERSONS PRESIDENCY LOUISIANA PURCHASE LEWIS CLARK AND MORE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The beginning of Manifest Destiny
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The U.S. economy was devastated
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War with Britain
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Impressment of U.S. sailors
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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: -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-4: -What effect did the Embargo of 1807 have on manufacturing in the United States? It stimulated its growth.
Detailed explanation-5: -The embargo proved more detrimental to the United States than to its intended victims. The nation fell into a depression worse than any experienced since the early colonial days. Farm prices fell sharply, shippers suffered, harbors filled with idle ships, and nearly 30, 000 sailors found themselves jobless.