Which of the following BEST describes the results of the Embargo Act? The United States military opened fire on a British trading ship. The United States military opened fire on a British trading ship. The British military opened fire on an American trading ship. The British military opened fire on an American trading ship. The British government closed all trade with the United States. The British government closed all trade with the United States. The United States government closed all trade with Britain. The United States government closed all trade with Britain.
Effects on American shipping and markets: Agricultural prices and earnings fell. Shipping-related industries were devastated. Existing markets were wrecked.
