THE VIRGINIA DYNASTY 1801 1825
WAR OF 1812
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It impeached the President.
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It outlawed westward expansion.
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It freed all the slaves, which destroyed the southern economy.
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It destroyed the American shipping industry.
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Detailed explanation-1: -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-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: -The misbegotten Embargo Act caused an economic depression that devastated the livelihoods of the administration’s supporters. Farmers couldn’t export their crops; urban industrial workers, sailors and artisans lost their jobs in droves.
Detailed explanation-4: -There were four primary reasons the Embargo Act of 1807 failed: a lack of political willpower, unpopularity in New England states, intricate smuggling operations, and the overall damage to the American economy.