One of the most significant economic warning signs that appeared during the Hoover administration is that stocks were wildly overvalued. Another was that speculation was rampant.
The Embargo Act of 1807 was a direct result of the impressment of American ships, goods and men by the British during a time of conflict throughout the United States, Britain and France. While the U.S. was not technically involved in the conflict, they were affected because the British began to seize their ships that were taking goods to France.
