Open Door Notes
Proposed to keep China open to trade with all countries on an equal basis
Real World Example
The Open Door notes were a series of statements initiated by the United States in the late 1800s and early 1900s to ensure that China remained open to trade with all nations equally, without any single country taking control. This concept was significant during the era of US Imperialism because it aimed to prevent any European powers or Japan from monopolizing Chinese markets and resources, which could threaten US economic interests. The Open Door policy responded to the competition and tensions among foreign powers who were carving out spheres of influence in China. Today, the principle of open trade still influences global economics, as countries strive for equal access to markets and resources, which can affect international relations and economic stability. For instance, when we buy products online from different countries, open trade policies enable these transactions, making goods more affordable and accessible, and impacting our daily shopping habits.
