What Unintended Consequence Did the Embargo Act of 1807 Produce

question 43

Multiple Choice

What unintended consequence did the Embargo Act of 1807 produce?

• A) It forced American ship builders to develop improved technology.
• B) It increased American trade with South America.
• C) It led to the development of a railroad connecting the cities on the eastern seaboard.
• D) It stimulated merchants to invest their capital into domestic factories.
• E) It persuaded the British to end their blockade.

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Definitions:

Paid-In Capital

Funds received by a company from selling its equity shares to investors, over and above the par or stated value of the shares.

Issuing Stock

The process of offering new shares of a company's stock to investors.

Stated Value

A nominal value assigned to a share of stock by the company's board of directors, which is not related to the market value of the stock.

Accounting Purposes

The specific reasons or objectives for maintaining and processing financial records, including compliance, reporting, and decision-making needs.