History of the United States of America, Volume 4 (of 9) : $b During the second administration of Thomas JeffersonAdams, Henry
History
History of the United States of America, Volume 4 (of 9) : $b During the second administration of Thomas Jefferson
Adams, Henry
United States -- History -- 1801-1809; United States -- History -- 1809-1817
The belief that Jefferson, sold to France, wished to destroy American
commerce and to strike a deadly blow at New and Old England at once,
maddened the sensitive temper of the people. Immense losses, sweeping
away their savings and spreading bankruptcy through every village,
gave ample cause for their complaints. Yet in truth, New England
was better able to defy the embargo than she was willing to suppose.
She lost nothing except profits which the belligerents had in any
case confiscated; her timber would not harm for keeping, and her fish
were safe in the ocean. The embargo gave her almost a monopoly of the
American market for domestic manufactures; no part of the country
was so well situated or so well equipped for smuggling. Above all,
she could easily economize. The New Englander knew better than any
other American how to cut down his expenses to the uttermost point of
parsimony; and even when he became bankrupt he had but to begin anew.
His energy, shrewdness, and education were a capital which the embargo
could not destroy, but rather helped to improve.
The growers of wheat and live stock in the Middle States were more
hardly treated. Their wheat, reduced in value from two dollars to
seventy-five cents a bushel, became practically unsalable. Debarred a
market for their produce at a moment when every article of common use
tended to rise in cost, they were reduced to the necessity of living
on the produce of their farms; but the task was not then so difficult
as in later times, and the cities still furnished local markets not
to be despised. The manufacturers of Pennsylvania could not but feel
the stimulus of the new demand; so violent a system of protection
was never applied to them before or since. Probably for that reason
the embargo was not so unpopular in Pennsylvania as elsewhere, and
Jefferson had nothing to fear from political revolution in this calm
and plodding community.
Public-domain text, read in full here on John Shaqi.
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