President Jefferson and his use of an embargo (prohibiting US ships to sail to foreign countries) to persuade them to stop seizing American ships. Do you think this is an effective tactic to stop these actions? What do you think?
While international trade and trade policy continue to be as controversial as ever, the United States has been committed for more than half a century to maintaining an open market. It was not always that way. For most of U.S. history, the United States imposed fairly substantial barriers to imports in an effort to protect domestic producers from foreign competition
Indeed, as president, Jefferson was responsible for one of the most unusual policy experiments in the history of U.S. trade policy. At his request, Congress imposed a nearly complete embargo on international commerce from December 1807 to March 1809. The Jeffersonian trade embargo provides a rare opportunity (or natural experiment) to observe the effects of a nearly complete (albeit short-lived) elimination of international trade. Economists usually describe the gains from international trade by comparing welfare at a free-trade equilibrium with welfare at an autarky equilibrium. In practice, such a comparison is almost never feasible because the autarky equilibrium is almost never observed, except in unique cases such as this one. By mid-1808, the United States was about as close to being fully shut off from international commerce as it has ever been during peacetime.
So you see, it was a mistake and it lasted only for two years. This tactic did not prove itself and if you read the whole interesting article you will see what happened since then to the American Trade. Of course such tactics do not help foreign policy and this is quite obvious. When you boycott other countries for whichever reason, they react accordingly.
Hi ,could you tell me your Whats app or Skype
I am Aaron from Evergreen logistics Shenzhen branch.glad to have wrods with you.
Tel&wechat:+86 13682521613 skype:aaronwangemc
Evergreen logistics is a member of the Evergreen Group.Evergreen Group included Evergreen Marine co,Eva Air ect.Evergreen logistics provide both sea way(FCL&LCL)and air way logistics service freight forwarding,logistics operations,customs borkerage,warehousing anddistribution,project shippment with value-added services.
The experienced and professional team of our own offices in mainland China,Taiwan,Hongkong and Southeast Asia as well as agents in North Asia,the Americas,Europe,Mediterranean,Australia and Africa provides our valuable business partner with the most cost-effective and timecritical solutions.