The purpose of the open door policy was to open trade in what country

Question

Social Studies

Cortez Vang

27 December, 05:26

The purpose of the open door policy was to open trade in what country

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Answers (2)

Know the Answer?

Edith · Answer 1

Answer

China

Explanation

The open door policy which was initiated by the United States in the late 19th and early 20th century. China started trading with Europe and the US, and the US wanted to ensure that China would remain a stable market for US goods. It was laid on the principle that all countries should have equal authority to trade in China. The purpose of this policy is that China was not split up into several different territories.

Xzavier Mckinney · Answer 2

The open door policy is a concept in foreign relations and economy. As a theory, it originally postulated that the same commercial conditions of thee great powers in China should exist. based on the unequal treaties signed between China and the powers there would be unrestricted access to Chinese commercial markets. This policy originates with British commercial practices, which were reflected in commercial treaties with the Chinese Qing dynasty after the first opium war (1839-1842). Although the open door policy is generally associated with China, it was recognized at the Berlin conference of 1885, which declared that no power could impose preferential tariffs in the Congo Basin.