1993 | OriginalPaper | Buchkapitel
Thomas Jefferson and American Manufactures: History, Politics and Economics
verfasst von : M. L. Burstein
Erschienen in: Understanding Thomas Jefferson
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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Henry Adams’s (1889–1890/1986) history of the embargo shows that the United States had Hobson’s choice: America had either to abandon its lucrative overseas commerce or to truckle to British naval power, something the Federalists were glad to do. Jefferson and Madison, along with Gallatin, [1] sought to square this circle: they chose peaceable coercion — thus the embargo. The strategy failed: once again a great case made bad law.