Who does the official dating of recessions
The Federalists fought the embargo and allowed smuggling to take place in New England.
Trade volumes, commodity prices and securities prices all began to fall.
The Embargo Act of 1807 was passed by the United States Congress under President Jefferson as tensions increased with the United Kingdom.
A boom of war-time activity led to a decline after the Peace of Amiens ended the war between the United Kingdom and France. Trade was disrupted by pirates, leading to the First Barbary War.
The 1815 panic was followed by several years of mild depression, and then a major financial crisis – the Panic of 1819], which featured widespread foreclosures, bank failures, unemployment, a collapse in real estate prices, and a slump in agriculture and manufacturing.
After only a mild recovery following the lengthy 1815–21 depression, commodity prices hit a peak in March 1822 and began to fall.
Macon's Bill Number 2 ended the embargoes in May 1810, and a recovery started.
The United States entered a brief recession at the beginning of 1812.