Trade & Economic Legislation Flashcards
What created global trade?
End of French Revolution (India, Europe, Africa, China)
What problems did North Africa cause?
They started taking our ships.
How did we try to compromise with Africa?
We pay tribute for our ships to not be attacked
Did Africa stop taking our ships? What did we do?
NO, Africa still takes our ship after the tribute and they try to increase the tribute so we refuse to pay and go to war.
How did the War between England and France benefit us and effected us negatively?
At first, it was good fro trade and U.S dominated trade. BUT French and British start to attack our ships.
What was Embargo Act?
Embargo is a ban on trade. It cuts off trade with the whole world.
How did the Embargo Act backfire?
It hurts the American economy more, because no one buys our goods. Merchants start smuggling.
What was Non-Intercourse Act?
It replaces the Embargo Act. It bans trade only with England and France.
Did Jefferson run for re-election?
NO, he refused to run for re-election.
