What effects did the embargo act of 1807 have on america industry?

It was devastating. American industries were unable to export their products to England, France or their respective allies. Even worse, British goods were still able to be smuggled inside the country through Canadian ports.

However, it also had one accidental benefit: by forcing American industries to sell their products internally, they reduced their dependence on British imports and British trade merchants.

answer: capitalism and socialism are formal economies. the major differences between capitalism and socialism revolve around the role of the government and equality of economics. capitalism affords economic freedom, consumer choice, and economic growth.

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explanation:

this act gave the federal government the power to relocate any native in the east to territory west of the mississippi river.