Two reasons on why the Embargo Act of 1807 was important :)

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05-04-2021
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Two reasons on why the Embargo Act of 1807 was important :)

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Аноним Аноним · Answer 1 · 2021-04-06T00:03:32-04:00

Answer:

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.Effects on American shipping and markets: Agricultural prices and earnings fell. Shipping-related industries were devastated. Existing markets were wrecked.The Embargo Act, passed by Congress on 22 December 1807.The Embargo Act hurt American merchants because when the act was passed, they lost a lot of their money which was in trade with Britain.

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