﻿The Embargo act of 1807. The law was passed by th...
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﻿The Embargo act of 1807. The law was passed by the congress and signed byThomas Jefferson.
It prohibited American ships from trading with any foreign ﻿countries.
Britain and France had been at war since 1803 and when America was trying to stay neutral during the war both countries had decided to cut off trade with neutral parties.
The american exports decreased 75% and imports decreased 50%. Before the embargo, the exports made about $108 million and after they received about $22 million.
﻿The Embargo act ended in 1809 and was replaced with the Non-Intercourse Act that prohibited trade with only France and Britain.
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