- This act prohibited US ships from trading with any foreign port.
- The act specifically targeted trade with Britain and France, which were at war with each other.
- The embargo act caused a significant decline in US exports, and it also led to increased smuggling.
The Non-Intercourse Act
- This act replaced the Embargo Act and it allowed US ships to trade with foreign ports, but it prohibited trade with Britain and France.
- The Non-Intercourse Act was less effective than the Embargo Act, and it did not significantly reduce US exports.
The War of 1812
- The War of 1812 was a direct result of the economic damage caused by the Embargo Act and the Non-Intercourse Act.
- The war was a major drain on the US economy, and it also led to increased inflation.
Summary:
The British economic policies during the late 18th and early 19th centuries had a significant impact on the United States. These policies, such as the Orders in Council and the impressment of American sailors, led to the War of 1812, which had a devastating effect on the American economy. The war disrupted trade, caused inflation, and increased the national debt. Additionally, the British policies hindered the development of American industries, as American manufacturers faced competition from British goods that were often cheaper and of higher quality. As a result, the American economy was significantly affected by British policies during this time period.