The rapid industrialization and growth of US manufacturing in the late nineteenth century transformed the United States into a major economic power. This development had significant effects on international relations:
Rising Economic Influence:
The growth of US manufacturing led to increased economic interconnectedness between the United States and other nations. American-made goods were exported worldwide, and the country became a crucial player in international trade. This economic influence gave the US considerable leverage in diplomatic and political negotiations.
Trade Surplus and Export Growth:
The rapid growth of manufacturing output led to a trade surplus for the United States. The nation's exports expanded significantly, including agricultural goods and various manufactured products like machinery, steel, and textiles. The US became a leader in certain industries, such as steel production, which had global implications.
Economic Competition and Tariffs:
The economic success of US manufacturing also brought about competition with European nations. European countries that had dominated global trade and manufacturing faced challenges from American goods. This competition led to the implementation of protective tariffs by some European countries aimed at limiting the influx of American products and safeguarding their own industries.
Open Door Policy:
The growing economic strength of the United States influenced its foreign policy. The country sought to expand its commercial opportunities abroad and advocated for the Open Door Policy. This policy aimed to ensure equal access to markets in China for all nations involved in trade with China. It demonstrated the United States' growing assertiveness in international economic matters.
Emergence of the US as a Global Power:
The combination of economic growth, industrialization, and expanding influence made the United States a prominent player on the global stage. Its economic strength provided it with leverage in international diplomacy and shaped its relationships with other nations. The US began to play a more active role in international affairs, laying the foundation for its position as a global superpower in the twentieth century.