The Wool Trade of the United States

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Excerpt from The Wool Trade of the United States: History of a Great Industry, Its Rise and Progress in Boston, Now the Second Market in the WorldIn 1808 began the retaliatory acts of the United States directed against Great Britain, which culminated four years later in actual warfare. The first of these was the famous embargo act which, pro hibiting American vessels from engaging in any foreign trade and 'foreign vessels from taking cargoes from the United States, prae tically destroyed, for the time being, all American commerce with other lands. In the following year the too stringent act of 1808 was modified to the form of nonintercourse only with England and France, but the commerce of the United States with other nations, which had received its first serious blow, languished and lessened in volume for seven consecutive years.During this Suspension of foreign trade the manufacturing indus tries of the country made their first great progress. With the partial cessation of importations there came the greater necessity for supply in g home wants from domestic sources. Furthermore, American mer chants, exporting and importing traders, had made a great deal of money during the prosperous season of extensive commerce, whose curtailment left much unemployed capital all over the country.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.