WORLD HISTORY

Detailed explanation-1: -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: -British and American policies toward China had long operated under similar principles, but once Hay put them into writing, the “Open Door” became the official U.S. policy towards the Far East in the first half of the 20th century.

Detailed explanation-3: -The term “open door policy” refers to the proposition to keep trade in China open equally to trade with all countries, preventing any one nation from controlling trade in the region. The policy also called for powers to respect Chinese territorial integrity.

Detailed explanation-4: -Although the Open Door notes served American purposes, the imperialist powers in China perceived little benefit for themselves in endorsing a request that they pursue a policy of self-denial in areas under their control.

Detailed explanation-5: -Note: It is important to note that Deng Xiaoping announced the Open Door Policy in 1978 for foreign companies to invest and establish in China. This policy led to the major economic transformation of modern-day China.