What were the effects of the 1807 trade Embargo during Jefferson's presidency?

Question

(1 point)
Responses

Great Britain lost a lot of money, and they had to rebuild their economy from scratch.
Great Britain lost a lot of money, and they had to rebuild their economy from scratch.

France was able to gain money from Britain's loss
France was able to gain money from Britain's loss

The US exported less goods and lost a lot of money due to the lack of trade.
The US exported less goods and lost a lot of money due to the lack of trade.

France lost 86 million dollars of Imports
France lost 86 million dollars of Imports
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Answer 1

The most accurate response regarding the effects of the 1807 trade embargo during Jefferson's presidency is:

The US exported less goods and lost a lot of money due to the lack of trade.

The Embargo Act aimed to pressure Britain and France to respect American neutral rights by prohibiting American ships from trading with foreign nations. However, it led to significant economic distress in the United States, particularly for merchants and those dependent on trade, resulting in declining exports and financial losses.