Alexander Hamilton, although no longer alive, was one person who almost perfectly anticipated the trade and revenue effects of the embargo, and even its domestic political repercussions. In 1794, Hamilton argued against any embargo against Britain and predicted: “The consequences of so great and so sudden a disturbance of our Trade which must affect our exports as well as our Imports are not to be calculated. An excessive rise in the price of foreign commodities—a proportional decrease of price and demand for our own commodities—the derangement of our revenue and credit—these circumstances
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Hamilton was the boss
