THE VIRGINIA DYNASTY 1801 1825
WAR OF 1812
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Disruption in trade contributed to domestic industrial growth
|
|
|
Small farmers benefited from higher export prices for grain crops
|
|
|
The sale of treasury bonds to international companies was prohibited
|
|
|
New trade alliances resulted in increased foreign investment
|
Detailed explanation-1: -The War of 1812 provided tremendous stimulus to American manufacturing. It encouraged American manufacturers to produce goods previously imported from overseas. By 1816, 100, 000 factory workers, two-thirds of them women and children, produced more than $40 million worth of manufactured goods a year.
Detailed explanation-2: -The War of 1812 had a devastating effect on commerce. The US trade restrictions leading up to the war dramatically decreased American exports. The British blockades and direct attacks on tobacco stores and other US trade goods made it difficult to conduct commerce during the war.
Detailed explanation-3: -The War of 1812 had an impact on getting the Industrial Revolution started in the United States. After the war, people realized that the country was too reliant on foreign goods. They felt that the United States needed to make its own goods and to build better transportation.
Detailed explanation-4: -After Thomas Jefferson’s’ Embargo Act of 1807 that cut off all exports from the United States, domestic production boomed. Americans were forced to depend solely on themselves, developing economic independence. Inventions such as Eli Whitney’s cotton gin and railroads lead to industrial production and textiles.