Preview

The Open Door Policy

Satisfactory Essays
Open Document
Open Document
296 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Open Door Policy
The Open Door Policy
The Open Door Policy is a foreign policy. It allows any nation to access China, but none of those countries can control China. The concept of an open door policy is that any nation can trade with the nation that holds the open door policy. If America adopted an Open Door Policy, it would be certain to make the country prosperous and lower the prices of many things for its consumers. Just because it is good for the United States, does not mean that it is best for the rest of the world.
America places tariffs on countries, because they are not complying with what the rest of the world wants them to do. The tariffs on these other countries make their economy plummet, but that does not mean that the United States are unaffected. These tariffs also hurt America, but much less. The United States are putting so many tariffs on other countries that these small effects are starting to play a major role in the falling economy.
If America were to take these tariffs away, it would benefit greatly, but by taking away the other countries punishment they would have no reason to listen to the rest of the world. If these countries are not punished and America is supplying them with a steady flow of cash, then they will quickly develop and become a threat to everyone else.
America would benefit greatly from an open door policy, but the rest of the world would suffer as a consequence. They would suffer because America is such a super power that if it took away its tariffs, then the affected countries would have enough money that they would be able to become a threat to the rest of the

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Isolationism has historically affected U.S trade policy. For example, it contributed to World War II, mainly because Americans were extremely isolationist. First, the U.S was adamant about avoiding any type of involvement that tied American policy to actions of other nations. Second, Americas goal was to avoid foreign wars at all cost. Those who had isolationist views believed that the U.S was tricked into cooperating in WWI due to British propaganda, greedy munitions makers, bankers holding European loans to pay for munitions, and a naïve administration in Washington.…

    • 179 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    One of the foremost factors that drive the global economy is that of trade blocs. These are formed when nations join together to form a free trade area, which means that the countries are allowing trade without tax or tariff between each other, something that can propel the economy of a country by allowing it to trade in areas that it had previously been unable to without penalty. This is particularly helpful to landlocked countries that depend on the coastal countries to be able to export worldwide. Without an agreement, these countries would be essentially cutoff from the rest of the world making their economy suffer greatly!…

    • 1387 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Open Door Note Policy-From 1899 to 1900 under President McKinley and initiated by John Hay, it allowed powers to share China with no power having sole power in China. It was not isolationist.…

    • 544 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    America depending too heavily on trade with other nations, and therefore until the Embargo Act there was no need to diversify their economy. However, farmers and merchants suffered because of the loss of business, which resulted in unemployment. The one positive outcome of the Embargo act was that we came out of it with a stronger and more self sufficient economy because they had to be. Like a baby bird being knocked out of its nest, America was pushed to become fully dependent on itself for trade when Jefferson created the Embargo Act of 1807. Although Jefferson's original goal for the act was for America to remain neutral and not get into a war, many people were angry with his choice and tension with foreign powers still…

    • 956 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    <br>A good example of America's pursuit for their own advantage in foreign affairs was the Open Door policy. China was expected to become a sphere of influence for European nations. The United States had a small percent of trade with China and was hungry for more. They issued the Open Door policy with the goal of preserving equal trading opportunities in China for all foreign nations. The United States was obviously only concerned for their own self-interest rather than the interest other countries trading with China.…

    • 453 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Choosing the appropriate tariffs or quotas is a delicate balancing act because the country is imposing the tariffs and/or quotas as a means to protect the domestic business sector. An example of this is, if the United States produces a technology and the same technology is imported from foreign soil at a cheaper rate, a tariff or quota would be introduced to ensure the cost of the foreign technology is up to the cost of the domestically produced technology. These tariffs and quotas are important because in the event that the scales become unbalance, international relations as well as trade are strained. When international relations and trade become strained, the foreign trade partner will initiate its own counterbalancing tariffs and quotas. For this vary reason the United States will not restrict all goods coming in from China as this move would initiate a trade war. This attack on each countries’ trade is accomplished by imposing high tariffs or quota restrictions. It is unfeasible for the United States to minimize imports coming in from all countries because of the various trade agreements the United States shares with these country’s varies. For example, a small developing country could only have one or two products it produces and trades; while a larger more developed country will have an abundance of products it…

    • 940 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The U.S taxed low tariffs on sugar trade which boosted both countries’ economies, but ultimately made it easier for the U.S to take over Cuba. The United States had long demanded an Open Door Policy for trading in China, which was weak, in order to prevent other powers from carving up China among them (Imperialism, Open Door Policy in China). By the U.S adopting the Open Door Policy, it gave them equal access to any of the ports open to trade in China and in time, helped the economy grow along with business and…

    • 566 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    The United States has to set high tariffs and quotas to restrict trade with foreign countries. Tariffs are the tax that one country sets on imported goods and services of another nation. And a quota is the restriction of trade of the amount of goods and services over a fixed period of time to maintain the country’s interest on imported goods. Tariffs and quotas set by the United States have control over the amount of goods that come into the United States to help the economy while continuing to keep healthy trade and relationships with other countries. The United States uses these trade restrictions to find suitable trade opportunities from other countries. And there put in place to safe guard and protect the country’s economic interest. Some…

    • 249 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Benefits of Tariff

    • 467 Words
    • 2 Pages

    One of the biggest pros of protectionist trade policies is that it provides job security in domestic industries, especially big industries like the automobile industry, which employees hundreds of thousands of Americans. General Motors for example; in having to compete with so many foreign companies that are able to sell cars at a lower cost, forces them to close plants, laying off thousands of people. This not only affects the auto industry, but also businesses that affiliate with them, causing a rippling effect, which in the worst case scenario, can devastate our whole economy.…

    • 467 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Donald Trump an advocate for the free world and enemy of globalization, informed global power that he would raise taxes on imports to the US to bolster domestic productions. Taxes on imports known as tariffs prohibit mega corporations and banks from roaming the planet and set up shop anywhere desired. Free trade coded for mega corporations and banks, which can bankroll and build production facilities, cheap goods, and sell them in the world without paying tariffs. Donald Trump as president would impose a tariff, which makes the global enterprise useless. It would defeat mega corporate greed and ambition internationally. Globalism, at one level, is all about erasing tariffs and Trump has crossed…

    • 664 Words
    • 3 Pages
    Good Essays
  • Good Essays

    2. Because even if trade agreements had been truly free and fair, not all countries would have benefited or at least benefited much, and not all people even in the countries that did benefit, would share in the gains. It is easy for those in the advanced industrial countries to seize the opportunities that the opening up of markets in the developing countries affords and they do so quickly. But there are many impediments facing those in the developing world. There is often a lack of infrastructure to bring their goods to market, and it may take years for the goods they produce to meet the standards demanded by the advanced industrial countries. Moreover, trade liberalization exposes countries to more risk, and developing countries (and their workers are less prepared to bear that risk. Workers in the U.S. and Europe worry about being thrown out of their jobs as a…

    • 1111 Words
    • 5 Pages
    Good Essays
  • Good Essays

    market, and to put “America first”. Many people are for the idea of increased trade barriers due to the fact that it will help urge more companies who leave the U.S., manufacture their products in countries where it is cheaper, and then sell their products back to the U.S., to instead stay in the U.S. and produce products domestically. Others argue that increasing these trade barriers will effectively hurt the U.S. economy, insisting that increased tariffs will increase prices of products, and hurt the wallets of the American consumer. Additionally, they argue that if the U.S. were to increase tariffs and barriers on other nations, those countries will turn around and increase their trade barriers, effectively hurting U.S. based organizations who export goods to foreign markets. I agree with the fact that trade barriers are coming down all over the world, but I feel the way in which barriers are set, and utilized by countries, must be done strategically, and with consumers in mind. It’s imperative to weight the positive outcomes with…

    • 699 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The economy of the United States is the world's largest. Its nominal GDP was estimated to be $14.3 trillion in 2009, almost three times the size of the economy of Japan. In purchasing power parity terms, it is larger than the economy of the People's Republic of China. Notwithstanding, the U.S. economy also maintains a very high level of output per capita. Because of such a large economy, it has a great impact on the entire world. Trading, buying, and selling international goods are essential fuel in driving our economy to success. Without foreign trade in our lives, we would in irregular in governing any commerce in the country.…

    • 665 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Mutual Agreement Purposal

    • 313 Words
    • 2 Pages

    This proposal is going to be difficult, but it will benefit, not only the United States, but a great deal of other countries also. Becoming isolated would prove to be very beneficial. For example, if countries stay isolated and only reach out for support in great times of need, it would decrease the amount of unemployment due to the new need of more workers to accomplish the job. Also, the United States’ national debt would begin to go down as the years progress because we wouldn’t be needing to borrow money or goods from other countries.…

    • 313 Words
    • 2 Pages
    Satisfactory Essays

Related Topics