The Embargo of 1807

question 72

Multiple Choice

The Embargo of 1807

• A) was ineffective.
• B) helped to put a Federalist in the White House in 1808.
• C) resulted in the Republican loss of control of Congress in 1808.
• D) was quickly repealed.
• E) created a serious economic depression in the nation.

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Definitions:

Retirement Plan

A financial strategy designed to provide individuals with income or assets to rely on after they have ceased working, often involving savings, investments, and other financial products.

Compounded Semi-annually

This refers to the practice of applying interest to an existing amount plus any accumulated interest twice yearly.

Monthly Mortgage

A regularly scheduled payment which includes principal and interest owed on a mortgage.

Loan Payment

A payment made to reduce the outstanding balance of a loan, often made on a monthly basis.