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Article: China throws an economic spear at the Monroe Doctrine.
- Article from:
- Canadian Dimension
- Article date:
- July 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 Canadian Dimension Publication, Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A CENTURY AGO, U.S. POLICY PLANNERS looked to a then weak and divided China as the answer to the country's future trade and economic problems. Anxious exporters implored President William McKinley to take action, because "the Chinese market rightfully belongs to us," as a member of the Riverside, New York Republican Club told Secretary of State William Hay. This low-wage labour source and vast potential market to the east would also supposedly solve the periodic depression problem, which, in 1893, shook the country's economic structure and motivated the elite to think about how expansion eastward would resolve that issue.
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