What was Jefferson's Economic Embarassment?

Answer 1

The Louisiana Purchase. For this vast domain the United States agreed to pay $11,250,000 outright and assumed claims of its citizens against France in the amount of $3,750,000. Interest payments incidental to the final settlement made the total price $27,267,622.

But precisely what the United States had purchased was unclear. The wording of the treaty was vague; it did not clearly describe the boundaries. It gave no assurances that West Florida was to be considered a part of Louisiana; neither did it delineate the southwest boundary. Furthermore there arose a basic question concerning the constitutionality of the purchase and whether the constitution of the United States provide for an act of this kind. If it had been proved that the treaty was illegal then The U S would have been out of pocket by $27 million, quite a sum in the days when a dollar was a dollar.

Answer 2

Jefferson's economic embarrassment was the fact that he completely destroyed the US economy. US ships and sailors were being taken by both the British and the French and rather than increase the size of the USN to protect the ships, he did the opposite, he beached nearly the entire navy. So he refused to protect the merchant ships the way he should, so he comes up with another brilliant plan. He decided that since Britain and France were impounding US ships, that no US ships could leave a US port for ANY country. The economy went immediately into the toilet. Great job as usual Tom, you moron.

whale

Answer 3

The embargo on England and France did more harm to the U.S. than it did to England and France. Basically, it was one of the worst economic decisions ever made by an American president.

Answer 4

That he died bankrupt.