Question

What effects did the Embargo Act of 1807 have on American industry? increased international competition forced U.S. to become more self-reliant decreased demand for workers increased growth of factories.

Answer 1

Answer:

forced U.S. to become more self-reliant

Answer 2

Answer:

forced U.S. to become more self-reliant

Explanation:

The 1807 Embargo Act in the short run resulted in very serious negative effects, but in the long run it helped the American economy to be more self-reliant.

Some of the negative effects on the short run include:

-agricultural products' prices and earnings decreased

-shipping-related industries were devastated

-existing markets were wrecked

-unemployment increased

-smuggling was widely endorsed by the public

-prices of domestic shipping increased

-imports and exports decreased

As a very positive effect, specially on the long run, it increased reliance on domestic manufacturing .