Question

Jefferson's trade plan was based on the idea that america would grow lots of primary/cash crops and trade them with european countries for _____________ goods. that way america could focus on farming and not making stuff.

Answer 1

Jefferson's trade strategy focused on the U.S. specialization in primary/cash crops exported to Europe in exchange for manufactured goods, allowing the U.S. to rely on agriculture and avoid industrial production.

Step-by-step explanation:

Thomas Jefferson's trade plan was built on the premise that America would produce a large quantity of primary or cash crops such as sugar, cotton, and tobacco, which would then be traded with European countries for manufactured goods. This strategy was intended to allow the United States to concentrate on agriculture rather than on the production of industrial goods.

However, this reliance on agriculture and exporting raw materials faced challenges during the War of 1812 when exports were not considered essential by Europe, leading American farmers to financial hardships as they had to seek new buyers for their crops. Post-war, the United States saw the rise of industrialization, which fostered the development of domestic markets for raw materials and eventually led to the production of American manufactured goods.