Globalization and the New Global Economy

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Presentation transcript:

Globalization and the New Global Economy US History Standard VUS.9a The student will demonstrate knowledge of the emerging role of the United States in world affairs. SOL – VUS.9 Timeline – 1890s-1913

Globalization / Global Economy Causes: Innovation in technology Industrialization Mass Production Effects: Desire and need to increase trade End isolationism Imperialism

Hawaii (1893) USA interests: Agriculture – sugar cane Pacific navy base USA deposes monarch and annexes Hawaii’s last queen Queen Liliuokalani

Imperialism Big nations take over weak nations exploit resources military bases view as racial and culturally inferior

Cuba (in the 1890s) Spanish colony Cuba wants independence huge USA sugar market

Yellow Journalism USA newspapers running untrue stories to make Spain look evil “You’ll furnish the pictures, I’ll furnish the war” William Randolph Hearst Publisher New York Journal

Remember the Maine!!! (February 15, 1898) U.S.S. Maine Blew up in Cuban waters Assumed that Spain did it

War in the Philippines (April to December 1898) USA helps Philippines beat Spain

War in Cuba (April to August 1898) USA crushes Spanish army Side # of military involved # of casualties USA/Cuba 330,000 5,000 Spain 339,000 24,000

The Rough Riders Volunteer US Army Regiment #2 in command T. Roosevelt (pre-President)

Treaty of Paris (December 1898) USA gets Cuba = American Protectorate annex Guam, Puerto Rico, & Philippines gave Spain $20 million

China (1899) Biggest market in World Dominated by Europe

Secretary of State John Hay The “Open Door” Policy European countries acquired leaseholds in China (Ex. Hong Kong) Called for open trade in China to nations

The Big Stick Policy (1901-1909) Teddy R. Invested $ into US navy upgrade Peace thru power “Speak softly, but carry a big stick” President Teddy Roosevelt

Panama (1903) USA helped Panama gain independence from Colombia Panama Canal built (1904-1914)

President William Howard Taft (1909-1913) TR’s successor Continues Roosevelt’s policies

Dollar Diplomacy Wanted US businesses to invest in Latin America US military will ensure US money is protected If Latin America prospers, all would benefit “Substituting dollars for bullets”