Imperialism of US (19th Century to present)
In the 19th century slavery still existed in America. There was flourishing of the plantations in Southern states. Civil war caused the detriment of the economy after 1840. There were excessive production and no buyers for it. This is when the businesses wanted to sell their products outside of America. 1873–78, 1882–85 and 1893–97 were affected by periods of economic depression in the country (Jones 70) from 19thcentury America had an open door trade policy. The country had a formal anti imperialism policy and was politically against imperialism in this time (Jones 80). In 1960 and 1970 the political, economic policy of the country shifted back any imperialist law to its roots of anti imperialism (86).
Industrialization in US (19th century to current)
October revolution of 1917, World War II and war with Vietnam, development of Japanese and Chinese Economy had proven to be issues with the rising Industrial power of US (Jones 86). Prior to the civil war the American economy was an agrarian economy. After the civil war it slowly turned towards industrialization (Campbell 37) in the late 19th century steel production increased along with mass production of industrialized goods needing trade operations to be expanded to other markets. The decline of the British prominence, heterogeneity of trade principles and availability of vast lands lead to the growth of the US economy (38). Cartel type arrangement happened in the start of the 20th century and in 1933 laws was passed against the cartel arrangements, as it was difficult to control their operations leading to detriment of the societal communities (72). Antitrust laws were passed which proved to be fruitful for the economy in the long run. From 1950 steel, anthracite, agricultural products, alcohol cement was primary product that was traded across borders (186). The creation of successful internal labor, diversifications of interests lead to the success of industrialization and American economy.