The depression could have a simple fix to it, if the overseas markets for American goods might relieve the problem of over producing of goods in america also prevent economic struggles therefore in 1890s brought class war. We needed to control the hawaii islands and also the Nicaraguan canal when it was built, and cuba. Our expansion must not fall out of line during this time. Senor Albert Beveridge of Indiana in early 1897 declared” American factories are making more than the American people can use;American soil is producing more than the can consume. Fate has written our policy for us;the trade of the world must and shall be ours.” The Department of State explained in 1898. I think this quote explains how the american factories were making way more then the demand of it so we had an excessive surplus. Fact from 1898, 90% of american goods were sold at home, the other 10% percent were sold abroad which came to a billion dollars. Our trade was on fire we exceeded every single country except england. By 1895 american capitalist reached a billion dollars. Oil was one of our biggest exports in 1880’s and 1890’s , the Rockefeller family Standard oil accounted for 90% of it. Tragedy of American diplomacy, says there was”a coalition of businessmen intellectuals, and politicians who opposed traditional colonialism and advocated instead a policy of an open door through which America’s preponderant economic strength would enter and dominate all underdeveloped areas of the world.” This states some wanted a just expand and dominate all underdeveloped areas of the world instead of open trade. “Informal Empire” started by Williams peaceful imperialism turned to be impossible , military action must be needed. Declaring free access to markets of china, got riding of our unwanted surplus from america to where it was valuable or needed in
The depression could have a simple fix to it, if the overseas markets for American goods might relieve the problem of over producing of goods in america also prevent economic struggles therefore in 1890s brought class war. We needed to control the hawaii islands and also the Nicaraguan canal when it was built, and cuba. Our expansion must not fall out of line during this time. Senor Albert Beveridge of Indiana in early 1897 declared” American factories are making more than the American people can use;American soil is producing more than the can consume. Fate has written our policy for us;the trade of the world must and shall be ours.” The Department of State explained in 1898. I think this quote explains how the american factories were making way more then the demand of it so we had an excessive surplus. Fact from 1898, 90% of american goods were sold at home, the other 10% percent were sold abroad which came to a billion dollars. Our trade was on fire we exceeded every single country except england. By 1895 american capitalist reached a billion dollars. Oil was one of our biggest exports in 1880’s and 1890’s , the Rockefeller family Standard oil accounted for 90% of it. Tragedy of American diplomacy, says there was”a coalition of businessmen intellectuals, and politicians who opposed traditional colonialism and advocated instead a policy of an open door through which America’s preponderant economic strength would enter and dominate all underdeveloped areas of the world.” This states some wanted a just expand and dominate all underdeveloped areas of the world instead of open trade. “Informal Empire” started by Williams peaceful imperialism turned to be impossible , military action must be needed. Declaring free access to markets of china, got riding of our unwanted surplus from america to where it was valuable or needed in