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Exports dropped by a few percent.

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10y ago

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Why did exposrts and imports drop in 1808?

Exports and imports dropped in 1808 primarily due to the Embargo Act enacted by the United States, which aimed to avoid conflict with Britain and France during the Napoleonic Wars. The Act prohibited American ships from trading with foreign nations, significantly restricting international trade. This led to economic strain on American merchants and farmers, resulting in a marked decline in both exports and imports. Additionally, the political climate and tensions of the time further disrupted trade relations.


The drop in oil prices in the 1980s probally help conviced Mexico to?

Diversify its exports


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The reduction of GDP usually leads to job loses and a drop in the growth of economy. It also leads to more imports than the exports.


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