Thomas Jefferson's Embargo Failed for All of the Following Reasons

question 60

Multiple Choice

Thomas Jefferson's embargo failed for all of the following reasons except that

• A) he underestimated the determination of the British.
• B) he underestimated Britain's dependence on American trade.
• C) Britain produced a bumper grain crop.
• D) Latin America opened its ports for commerce.
• E) he miscalculated the difficulty of enforcing it.

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Definitions:

Bank Balance

The amount of money held in a bank account at a given moment.

Cash Account

An account that records all transactions involving cash, including receipts and payments.

Debit Balances

Balances in accounts that represent amounts spent or assets, as opposed to credits, which signify income or liabilities.

Assets

Economic resources controlled or owned by a business or individual, which have future economic value.