Question

1. What was the Embargo Act of 1807? Why do you think President Jefferson and others thought it was necessary to sign this act into law?

2. What similarities between the Embargo Act and the current economic tension between the U.S. and China do you see? How do they differ?

3. What lessons can we take from the failed Embargo Act as the threat of a trade war looms near?

Answer 1

embargo act

A general embargo enacted by the united states congress with the aim of harming united kingdom and france during napoleonic war.The act prohibited americen ships from trading in foreign ports.

why embargo act

It was an attempt by the then american president jefferson to punish uk and france for interfering in american trade while the two european powers were at war with each other.

similarity of embargo and us-china trade war

with the embargo act us president jefferson bought on america a huge rise in price and loss of export of over 50 million,with the new trade war with china the results are going to be the same,the tariff disregard the small businessmen and farmers who are vital to the us economy and the cost will be passed on to the consumer.

why embargo failed

embaro act failed and also proved disastrous to the american economy because in jefferson's attempt to make uk to recognise usa as a equal partner to the high seas and denying them american products and remaining nuetral during french war and steering clear of the french ships USA was infact destabilising itself.