This gives them an incentive to colonize areas where there are large amounts of raw material instead of just paying for the materials. After colonization, they now have the ability to take these materials back to the homeland to produce their product. Through imperialism, they cut out the middle man. Large consumer markets are also needed. Imperialism allowed industrialized countries to spread their influence to the weaker countries they conquered.
These dramatic changes and the globalization of American corporations signaled the “Americanization” of the world. The term ‘Glocalization” became a term that showed a marketing strategy by American entrepreneurs for specific areas. In fact, during “The American Century”, Americanization is closely interpreted as Globalization due to mass
Explain the term ‘globalisation’ and the role that multinational companies play in the development of globalisation. Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services and has therefore lead to increased trade between countries. This trade encourages countries to work together and removes trade barriers such as quotas and tariffs. This increased openess allows countries to specialise in producing goods which they have a comparitve advantage in (this means they can produce goods at lower unit costs) A multinational Company is a corporation that has its facilities and other assets in at least one country other than its home country.
The US imports and exports a majority of items which increase the wealth of the country as well as strengthening relationships with other traders. However the US does use their trading methods in unfair ways to maintain their ultimate superpower status. An example of this would be the debt repayments of the World Bank. After WW2 had ended, Europe needed to be rebuilt so the World Bank borrowed the money in order from Europe to be rebuilt. However when Europe agreed to borrowing the money from the World Bank, they also agreed for the US to have access to the European markets, raw material and resources.
Trade Most goods we buy have a label on them. This ‘made in’ label tells us where the items have been produced and therefore from where they were imported from. The exchange of goods and services between nations is trade. International trade is based on a country specializing in producing a surplus of gods it can produce most efficiently in order to gain a competitive advantage. Trade allows for: businesses to grow and create more jobs, a wider choice of goods and services often at cheaper prices, economic growth and the strengthening of strategic and political ties between nations.
(Imperatone, W. 1992) American companies would negotiate with these countries because of cheap labor, which would allow American products to be made at a decreased cost. Another reason was that foreign land had an abundant of raw materials that could easily be used in the American Industries. American Imperialism gave a purpose to the US, versus what other countries were doing at the time. Countries like Germany, Great Britain, Belgium, Spain, Panama and Japan were expanding their borders, negotiating new trade markets demonstrating their strength and power. As the Unites States was growing, they also sought to protect its overseas territories like the Midway Islands, Hawaii, Guam, and Samoa.
Throughout the centuries, many technologies have been invented that have brought industries and manufactures to the world which creates jobs for everyone. As the world changes, more and more companies are producing a variety of goods and occupations to fulfill the needs for people. The economies of the different countries have grown rapidly especially in the developed countries; however, many developed countries, such as the United States of America, are migrating their companies to other developing countries in order to reduce the labor cost in the financial market. The outsourcing in other countries has giving many benefits to the U.S. economy in the short run as well as in the long run. Should America continue outsourcing because of the
America’s Foreign Policies The United States was rapidly changing after the Civil War. The U.S. moved from an isolationistic country into a more imperialistic country in order to establish itself as a world power. Industrialization brought about the need to establish trades with many foreign countries as business and industry boomed. Our country responded quickly and uniquely to foreign policy under the leadership of Presidents Roosevelt, Taft, and Wilson (Unit 8, Lesson 1, Expansion in the Pacific). During the late 1890s, it was clear to the United States that expanding our foreign trade was necessary in order to open competitive markets to sell the goods being produced.
Imperialism was popular in America but not everyone agreed with the policy. Now in the twentieth century America is still affected by imperialism. Imperialism helped the world to be globally intertwined. In the nineteenth century imperialism began in the world. Companies began to ship products overseas.
The USA started exporting and importing goods with other countries. So, to keep up with demand, we had to produce more, which led to factories and labor unions. Also, the Railway Act that President Lincoln signed helped spur the Industrial Revolution