Question

What were the effects of the 1807 trade Embargo during Jefferson's presidency?

(1 point)
O France was able to gain money from Britain's loss
O The US exported less goods and lost a lot of money due to the lack of trade.
O France lost 86 million dollars of Imports
Great Britain lost a lot of money, and they had to rebuild their economy from scratch.

Answer 1

The 1807 trade embargo had a significant impact on the US economy, leading to decreased exports and financial losses. Great Britain was also affected and had to rebuild its economy.

Step-by-step explanation:

The effects of the 1807 trade embargo during Jefferson's presidency had a significant impact on the United States. The US exported fewer goods and lost a lot of money due to the lack of trade. This had a major economic consequence for the country. Additionally, Great Britain also suffered financially and had to rebuild its economy from scratch.

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