Comparison Of Trade Rivalries :: essays research papers

The German- smashing Britain backing tilt like the U.S.- lacquer trade rivalry involved a rising power cutting into the trade ofan already dominant trading power. There were several causes of the German-Great Britain trade rivalry correspond to Hoffman. The first was Germans diligences zeal in procuring cutting contracts and expanding markets. They did this by fulfilling contracts even if they were in truth 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 supporter in helping develop markets in British colonies. Fourth, British trade was hurt bythe conservatism of British manufacturers who were unwilling to develop new markets or hold onto those it already possessed. These four factors be just both(prenominal) of the factors that helped German industry grow and rival that of Great Br itain. These four factors are all very similar to the Japan-U.S. trade rivalry. Japan like Germany was satisfactory to catch up to the U.S. because the U.S. was large and arrogant and refused to 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 likewise caused corrasion between both sets of countries. Relations between Germany and Great Britain were dishonored 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 preoccupied markets to Germany m any in Britain felt that Britain should adopt tariffs on goods while others know as the free traders believed that a free trade would benefit Britain by creating markets. This split between Tariff Reformers and Free Traders is similar to the split in the U.S. between those in favor of free trade and those opposed to it. Germanys overhear for new markets in the 1890s through commercial treaties such as the 1891 agreement with Austria-Hungry is similar to both the United States and Japans free trade zones with neighboring