WORLD HISTORY

WORLD WAR I

CAUSES AND COURSE OF THE WAR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Why was the United States initially interested in trade with China?
A
The U.S. wanted to take control of China
B
Alliances
C
There was an increased demand for new markets
D
To control international trade.
Explanation: 

Detailed explanation-1: -At first, the American interest in China was economic. Americans were looking for new markets to buy goods, as the British refused to deal with Americans. And the Chinese preferred to work with Americans, who bought Chinese goods. The Europeans only wanted to sell them things.

Detailed explanation-2: -The demand for Chinese products-tea, porcelain, silk, and nankeen (a coarse, strong cotton cloth)-continued after the Revolution. Having seen the British make great profits from the trade when the colonies were prevented from direct trade with China, Americans were eager to secure these profits for themselves.

Detailed explanation-3: -In 1979 the U.S. and China reestablished diplomatic relations and signed a bilateral trade agreement. This gave a start to a rapid growth of trade between the two nations: from $4 billion (exports and imports) that year to over $600 billion in 2017.

Detailed explanation-4: -Expanding the production of America’s most competitive industries and products, through exports, raises U.S. incomes. Shifting production to the most competitive areas of our economy helps raise the productivity of the average American worker and through that the income they earn.

There is 1 question to complete.