USA HISTORY

THE VIRGINIA DYNASTY 1801 1825

WAR OF 1812

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which event in 1807 led to a sharp decrease of imports and exports?
A
Embargo Act
B
Louisiana Purchase
C
Proclamation of Neutrality
D
Marbury v. Madison
Explanation: 

Detailed explanation-1: -Britain invaded US merchant ships; the British navy started enticing the American merchant sellers. As a result, Jefferson imposed the embargo act in 1807.

Detailed explanation-2: -After the Chesapeake Affair in June 1807, pitting the British warship Leopard against the American frigate Chesapeake, President Thomas Jefferson faced a decision regarding the situation at hand. Ultimately, he chose an economic option to assert American rights: The Embargo Act of 1807.

Detailed explanation-3: -The Embargo Act of 1807 was an attempt by President Thomas Jefferson and the U.S. Congress to prohibit American ships from trading in foreign ports. It was intended to punish Britain and France for interfering with American trade while the two major European powers were at war with each other.

Detailed explanation-4: -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-5: -It needed economic independence. The Embargo Act of 1807 and the War of 1812 were the springboard for the Industrial Revolution. The Embargo Act of 1807 forced the United States to manufacture their own goods because they would not be able to trade for foreign goods.

There is 1 question to complete.