ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC GROWTH

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What was is the Open Door Policy of China about?
A
Document stating America’s control over China.
B
Principles stating that all countries have equal acess to Chinese Ports.
C
Document explaining the intense competion between world powers.
D
Document explaing the “spheres of influence.”
Explanation: 

Detailed explanation-1: -What was the Open Door policy? The Open Door policy was a statement of principles initiated by the United States in 1899 and 1900. It called for protection of equal privileges for all countries trading with China and for the support of Chinese territorial and administrative integrity.

Detailed explanation-2: -The Open Door Policy was a proposal put forth by the United States in 1899 intended to ensure that all countries be allowed to trade freely with China. The Open Door Policy was circulated among Great Britain, Germany, France, Italy, Japan, and Russia by U.S. Secretary of State John Hay.

Detailed explanation-3: -The United States of America (USA) did not have any influence against the exclusive trading rights possessed by Europeans. Therefore, the USA proposed that trade in China be open for all the nations in the world. This statement came to be known as the Open Door Policy of 1899.

There is 1 question to complete.