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Comparison Of Trade Rivalries - School Essays

Comparison Of Trade Rivalries

The German-Great Britain trade rivalry like the U.S.-Japan
trade rivalry involved a rising power cutting into the trade of
an already dominant trading power. There were several causes of the
German-Great Britain trade rivalry according to Hoffman. The first was
German's industry's zeal in procuring new contracts and expanding
markets. They did this by fulfilling contracts even if they were very
small and constantly trying to stay up with market demand. Second,
Germans had a knowledge of languages that the English firms lacked.
Third, German industry was aided by their government. In contrast
Great Britain did not even supply consular assistance in helping
develop markets ...

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believe it
could face competition from Japan. Like Britain, U.S. industry
believed that they could hold onto markets and would not face
competition. British and U.S. industry were startled by the fast rate
of growth and industrialization that allowed Germany and Japan to
transform themselves quickly into trading rivals. This fast rate of
growth also caused friction between both sets of countries. Relations
between Germany and Great Britain were damaged as they bickered over
markets in particular colonies in Africa . This is similar to the
friction between the U.S. and Japan unfair trading practices and
closed markets.
Both the U.S. and Great Britain in response to losing markets
toyed with the idea of economic nationalism and tariffs. As Britain
lost markets to Germany many in Britain felt that Britain should adopt
tariffs on goods while others known as the free traders believed that
a free trade would benefit Britain by creating ...

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Comparison Of Trade Rivalries. (2003, December 19). Retrieved November 28, 2024, from http://www.essayworld.com/essays/Comparison-Of-Trade-Rivalries/123

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PAPER DETAILS

Added: 12/19/2003 07:37:46 AM
Category: World History
Type: Premium Paper
Words: 531
Pages: 2

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