Growth and Transformatio1

Growth and Transformatio1 - exclusive concessions for...

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Growth and Transformation After two great wars, the United States comes of age The later administrations of Herbert Hoover (1929-33) and Franklin D. Roosevelt (1933- 45) repudiated the right of U.S. intervention in Latin America. In particular, Roosevelt’s  Good Neighbor Policy of the 1930s, while not ending all tensions between the United  States and Latin America, helped dissipate much of the ill-will engendered by earlier  U.S. intervention and unilateral actions. UNITED STATES AND ASIA Newly established in the Philippines and firmly entrenched in Hawaii at the turn of the  century, the United States had high hopes for a vigorous trade with China.  However,  Japan and various European nations had acquired established spheres of influence  there in the form of naval bases, leased territories, monopolistic trade rights, and 
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Unformatted text preview: exclusive concessions for investing in railway construction and mining. Idealism in American foreign policy existed alongside the desire to compete with Europe's imperial powers in the Far East. The U.S. government thus insisted as a matter of principle upon equality of commercial privileges for all nations. In September 1899, Secretary of State John Hay advocated an "Open Door" for all nations in China that is, equality of trading opportunities (including equal tariffs, harbor duties, and railway rates) in the areas Europeans controlled. Despite its idealistic component, the Open Door, in essence, was a diplomatic maneuver that sought the advantages of colonialism while avoiding the stigma of its frank practice. It had limited success....
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This note was uploaded on 12/21/2011 for the course AMH AMH2010 taught by Professor Pietrzak during the Fall '10 term at Broward College.

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