Monday, May 11, 2009

How did the growth of industrial capitalism influence imperial expansion?

For the United Sates, it carried over to the need for Empire!





Alfred Thayer Mahan proposed that the US would have to gain territory to increase trade and provide markets for our goods.





Therefore, leaders like Teddy Roosevelt became proponents of expansion.





Mahan's famous work - The Influence of Seapower Upon History - stated that all great powers had colonies and created empire. Mahan and Roosevelt were friends TR read Mahan's book before it went to the publisher and TR sated that he agreed fully w/ Mahan's assertions.





This may give basis for Roosevelt to say in regard to Panama, "I took Panama." There was no insurrection....It was Mahan's beliefs in action.





Mac - when you have read Mahan's Influence of Seapower, and have realized that it has been taught at the naval academy, then you may critique...Mahan was a Naval Historian and TR worshiped him...








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How did the growth of industrial capitalism influence imperial expansion?
Don't confuse capitalism for mercantilism.





The need for imperial expansion was influenced by Mercantilism and not by capitalism.





Capitalism is self-contained and its market economy has no need of expansion. Any country can remain isolationist and be capitalist, such as the USA just before WWI and WWII. America was an isolationist and capitalist country in 1914 and in 1939.





Mecantilism demands expansion in-order to acquire wealth by physical means - you take from someone else to get rich. And to force other nations to buy your products - exports must exceed imports.





Capitalism with an active stock market generates wealth from within. Capitalism does not promote imperial expansion, mercantilism does.

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