The german great britain trade rivalry - …
Fourth, British trade was hurt by the conservatism of British manufacturers who were unwilling to develop new markets or hold onto those it already possessed. These four factors are just some of the factors that helped German industry grow and rival that of Great Britain. These four factors are all very similar to the Japan-U. S. trade rivalry.
Great Britain and the German Trade Rivalry, ..
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 markets.
George I of Great Britain - Wikipedia
Narrator: Europe, meanwhile, was a bastion of culture and enlightenment, but beset by ancient dynasties and autocratic rulers competing to control the world’s resources. Germany was led by a kaiser, Russia a tsar. An emperor lay claim to Austria Hungary while a sultan reigned over the Turkish Ottoman Empire. Great Britain and France, two democracies, jealously guarded far-flung colonial empires. Only a month after Wilson’s speech, Americans struggled to make sense of news coming from the other side of the Atlantic. The assassination of an obscure Austro-Hungarian aristocrat by a Serbian nationalist had provided a pretext to unleash imperial rivalries that were breaking the continent apart. Germany and its ally, Austria Hungary, declared war on Serbia and her ally, Russia. Germany then invaded France — through neutral Belgium — and Russia. Britain came to the aid of, the French and the Belgians and suddenly, millions of men were fighting a war whose very purpose seemed hard to comprehend.