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The Embargo Act of 1807 caused some new laws, including that American vessels can't land in any foreign port unless authorized by Jefferson himself, and that trading vessels were now required a bond of guarantee that was equal to the value of the ship and it's cargo. The public reacted very positive to these laws. This by no way effected the economy.*

*The public did NOT react positive. They were furious with the President. People were complaining of how poor the embargo made them. It drastically changed the economy for worse.

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How did the embargo act affect the American economy?

It revived the Federalist Party where US now depended on business for its economy. The Federalists won 1 state-Massachussetts. US shipping declined greatly. The embargo act was a political and economical disaster for the US


The Embargo Act of 1807 was an effective tool in persuading England to change its policy toward neutral shipping?

False!


What was the Restrictive trade policy that hurt Britain but hurt American shippers and farmers even more?

Embargo Act of 1807


How did the embargo act affect imports and exports?

The Embargo Act of 1807 significantly restricted American trade by prohibiting exports and imports to and from foreign nations, aiming to protect U.S. interests and avoid entanglement in foreign conflicts, particularly with Britain and France. As a result, American merchants faced severe economic hardships, leading to a decline in international trade and contributing to widespread smuggling. The act ultimately proved unpopular and ineffective, prompting its repeal in 1809, but it underscored the vulnerabilities of the U.S. economy to external pressures.


What was the significance of the Embargo Act?

The Embargo Act destroyed New England's shipping capacity and seriously damaged American markets, especially for exporters. Markets where the U.S. had gained advantage, such as the West Indies, were lost to Britain and the economic cost to the country was extremely high. In the long-run, the Embargo Act had to be repealed because its significance was to nearly cripple the young American economy.