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The war in Europe against the French Empire under Napoleon ensured that the British did not consider the War of 1812 against the United States as more than a sideshow. [281] Britain's blockade of French trade had worked and the Royal Navy was the world's dominant nautical power (and remained so for another century).
The War of 1812: Conflict for a Continent (Cambridge Essential Histories, 2012) brief overview by New Zealand scholar; Tucker, Spencer C., ed. The Encyclopedia of the War of 1812 (3 vol: ABC-CLIO, 2012), 1034pp. Zuehlke, Mark. For Honour's Sake: The War of 1812 and the Brokering of an Uneasy Peace. (2007) by Canadian military historian.
The 1812 State of the Union Address was delivered by the fourth President of the United States, James Madison, on November 4, 1812.Addressing the Twelfth United States Congress, Madison reflected on the early stages of the War of 1812 and provided updates on the military, diplomatic, and economic situation facing the nation.
The blockade did not cause significant economic damage to the British, although British exports to the continent as a proportion of the country's total trade dropped from 55% to 25% between 1802 and 1806. [6] However, the British economy suffered greatly from 1810 to 1812, especially in terms of high unemployment and inflation.
The economic impact of the War of 1812 resulted in discord for those in the northern New England states harmed by the blockade. Their concerns were voiced through the Federalist Party . The Hartford Convention saw them discuss their grievances concerning the ongoing war and the political problems arising from the federal government's increasing ...
The economy grew every year from 1812 to 1815 despite a large loss of business by East Coast shipping interests. Wartime inflation averaged 4.8% a year. [103] The national economy grew 1812–1815 at the rate of 3.7% a year, after accounting for inflation. Per capita GDP grew at 2.2% a year, after accounting for inflation. [102]
The Act was the first in a series of ineffective attempts of Congress and the administrations of President Thomas Jefferson and James Madison to respond economically, instead of militarily, to these British actions and to other consequences of the Napoleonic Wars. The Act was part of the chain of events leading to the War of 1812.
The United States and the United Kingdom signed the Treaty of Ghent on December 24, 1814, ending the War of 1812. [4] The British government effectively relinquished its effort to impose mercantilist policies on the United States, preparing the way for the development of free trade and the opening of America's vast western frontier.