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 order was accordingly issued. Dated April 11, 1808,[274] it
directed British naval commanders to molest no neutral vessel on a
voyage to the West Indies or South America, even though the vessel
should have no regular clearances or papers, and “notwithstanding
the present hostilities, or any future hostilities that may take
place.” No measure of the British government irritated Madison more
keenly than this. “A more extraordinary experiment,” he wrote to
Pinkney,[275] “is perhaps not to be found in the annals of modern
transactions.” Certainly governments did not commonly invite citizens
of friendly countries to violate their own laws; but one avowed object
of the embargo was to distress the British people into resisting their
government, and news that the negroes of Jamaica and the artisans of
Yorkshire had broken into acts of lawless violence would have been
grateful to the ears of Jefferson. So distinct was this object, and
so real the danger, that Perceval asked Parliament[276] to restrict
the consumption of grain in the distilleries in order to countervail
the loss of American wheat and avert a famine. The price of wheat had
risen from thirty-nine to seventy-two shillings a quarter, and every
farmer hoped for a rise above one hundred shillings, as in 1795 and
1800. Disorders occurred; lives were lost; the embargo, as a coercive
measure, pressed severely on British society; and Madison, with such
a weapon in his hand, could not require Perceval to perceive the
impropriety of inviting a friendly people to violate their own laws.
The exact cost of the embargo to England could not be known. The
total value of British exports to America was supposed to be nearly
fifty million dollars; but the Americans regularly re-exported to the
West Indies merchandise to the value of ten or fifteen millions. The
embargo threw this part of the trade back into British hands. The
true consumption of the United States hardly exceeded thirty-five
million dollars, and was partially compensated to England by the gain
of freights, the recovery of seamen, and by smuggling consequent on
the embargo. Napoleon’s decrees must in any case have greatly reduced
the purchasing power of America, and had in fact already done so.
Perhaps twenty-five million dollars might be a reasonable estimate
for the value of the remaining trade which the embargo stopped; and
if the British manufacturers made a profit of twenty per cent on this
trade, their loss in profits did not exceed five million dollars for
the year,--a sum not immediately vital to English interests at a time
when the annual expenditure reached three hundred and fifty million
dollars, and when, as in 1807, the value of British exports was
reckoned at nearly two hundred million dollars. Indeed, according to
the returns, the exports of 1808 exceeded those of 1807 by about two
millions.
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