how did the search for new overseas markets push the united states to become a world power
http://www.monmouthregional.net/mrhs/Departments/Social%20Studies/Andrew%20Wardell/Classes/US%20History%20I%20C/American%20Vision%20Text%20Book/Chapter%2014.pdf
The search for new overseas markets played a significant role in pushing the United States to become a world power. Here's how:
1. Expanding Industrialization: In the late 19th and early 20th centuries, the United States experienced rapid industrialization, resulting in a surplus of goods. To sustain economic growth, the US needed to find new markets where these goods could be sold. Consequently, the search for overseas markets became crucial to avoid overproduction and maintain economic stability.
2. Access to Raw Materials: To feed its growing industries, the United States required access to raw materials such as timber, rubber, minerals, and oil. Many of these resources were abundant outside of America's borders, particularly in areas like Latin America, Africa, and Asia. Expanding into these regions ensured a steady supply of essential resources, strengthening the country's economic power.
3. Geopolitical Influence: Establishing a presence in new overseas markets allowed the United States to project its geopolitical influence. By gaining economic control over foreign territories, the US could shape their policies, governments, and trade regulations. This geopolitical influence elevated the United States' standing on the global stage, transforming it into a world power.
4. Naval Expansion and Military Bases: To protect its economic interests in overseas markets, the United States invested heavily in expanding its naval power. Building a strong navy enabled the US to safeguard trade routes, protect merchant ships, and secure its interests in foreign territories. The establishment of military bases further solidified America's presence and influence in these regions, marking its status as a global power.
5. Ideological Expansion: The United States considered its economic and political systems, namely capitalism and democracy, as superior to others. As part of its imperialistic policies, the US sought to spread these ideologies to new overseas markets. This expansionist mindset aimed to ensure economic dominance, strengthen political alliances, and promote American values globally.
To summarize, the search for new overseas markets allowed the United States to expand its industrial capabilities, access valuable resources, project geopolitical influence, strengthen its naval and military power, and promote its ideological ideals. These factors collectively propelled the United States into becoming a world power during the late 19th and early 20th centuries.