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U.S. As A World Power Open Door Policy In China Creation of International Markets What is the Open Door Policy? Who proposed it? • A policy (rules) that would give all nations equal trading rights in China • John Hay Critical Thinking Use the map provided to help you answer the following questions: • Why would the U.S. support the Open Door Policy? • How do you think China would react to the Open Door Policy? Explain your answer. Diplomacy Definition: negotiating and securing good relationships with other countries Critical Thinking: How can the United States get other nations to do what we want them to do? Creation of International Markets What is Dollar Diplomacy? • Using financial (money) incentives to other countries to do what we want them to do Creation of International Markets What is a specific example of Dollar Diplomacy under President Taft? • American banks and businesses were urged to invest in Latin America • In turn, President Taft, promised that the U.S. would step in if unrest threatened their investments Critical Thinking Look at the previous slide to answer the question below. What did President Taft mean when he said the U.S. would “step in”? What did he mean when he said the U.S. would step in if “unrest” threatened their investments? Creation of International Markets What is the first era of a true “global economy”? When did this happen? • Growth in international trade connects many nations around the world • People are dependent on this trade for survival Late 1800s to WWI (Industrial Age) Latin America Where is Latin Shade your map to America? include areas that are Latin America. Latin America Why did the United States go to war with Spain? What was the name of this war? • Spanish American War Latin America Who won the Spanish American War? The United States Puerto Rico was annexed by the United States. What land areas did the United States Philippines were gain as a result annexed by the United States. of the SpanishAmerican War? Latin America The United States What land asserted her right to area did the intervene in Cuban United States affairs. dominate as a result of the SpanishAmerican War? Panama Canal Latin America Where is Panama? Critical Thinking • Why did the U.S. have an interest in Panama? Latin America Who got America involved in Panama? What did the U.S. do to get in involved? Theodore Roosevelt The United States encouraged Panama’s independence from Colombia. Latin America Why did the U.S. want Panama to be independent from Colombia? So the parties could negotiate a treaty to build the canal It is now called the Panama Canal The U.S. in Asia and the Pacific Hawaii What was the United States doing in Hawaii? Was the result of U.S. action in Hawaii? U. S. tried to depose Hawaii’s monarchy The U.S. annexed Hawaii Pacific When did the annexation of the Philippines occur? The annexation of the Philippines occurred after the Spanish American War Asia What was the Open Door Policy? Urged all foreigners in China to obey Chinese law AND Observe fair competition