Answer:
The Embargo Act of 1807 was a general trade embargo on all foreign nations that was enacted by the United States Congress. During the Napoleonic Wars, rival nations Britain and France targeted neutral American shipping as a means to disrupt the trade of the other nation. President Thomas Jefferson hoped that the Embargo Act of 1807 would help the United States by demonstrating to Britain and France their dependence on American goods, convincing them to respect American neutrality and stop impressing American seamen. Instead, the act had a devastating effect on American trade.
Explanation: American president Thomas Jefferson (Democratic-‐Republican party) led Congress to pass the Embargo Act of 1807. Effects on American shipping and markets: Agricultural prices and earnings fell. Shipping-related industries were devastated. He believed that economic coercion would convince Britain and France to respect America's neutral rights. The embargo was an unpopular and costly failure. It hurt the American economy far more than the British or French, and resulted in widespread smuggling. Instead, smuggling flourished, particularly through Canada. In the last sixteen days of President Thomas Jefferson's presidency, the Congress replaced the Embargo Act of 1807 with the almost unenforceable Non-Intercourse Act of March 1809. This Act lifted all embargoes on American shipping except for those bound for British or French ports.